Let's be clear. This is not an airline pick. It's air cargo. Dominant in Canada. Extended contract with AMZN. Stock's sold off, as investors have moved to the reopening trade. But the boom in e-commerce that resulted from Covid is here to stay. Selloff unwarranted, now at a more attractive valuation. A long-term hold. Yield is 0.57%. (Analysts’ price target is $257.83)
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Strong growth is expected in the future and the balance sheet is improving rapidly. The stock may be oversold. Although it may still be cyclical, the company has transitioned. Good for a medium term hold. Quite cheap compared to potential earnings growth. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Strong growth is expected in the future and the balance sheet is improving rapidly. The stock may be oversold. Although it may still be cyclical, the company has transitioned. Good for a medium term hold. Quite cheap compared to potential earnings growth. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The CFO is retiring in a month and markets reacted negatively. A big overreaction but the markets also saw some volatility in general. Would be okay buying into the weakness. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The CFO is retiring in a month and markets reacted negatively. A big overreaction but the markets also saw some volatility in general. Would be okay buying into the weakness. Unlock Premium - Try 5i Free
Very well-postioned in Canada given their dominant market share to benefit from continued e-commerce boom. E-commerce is here to stay no matter what happens with the reopening. CJT also is positioned internationally after signing a deal with Amazon. Today, UPS reported super numbers that is lifting CJT shares too. Air cargo rates and volumes continue to rise. The pullback now is a buying opportunity. Yes, Air Canada is getting into cargo, but there's enough of the transport pie to slice. (Analysts’ price target is $259.00)
Very well-postioned in Canada given their dominant market share to benefit from continued e-commerce boom. E-commerce is here to stay no matter what happens with the reopening. CJT also is positioned internationally after signing a deal with Amazon. Today, UPS reported super numbers that is lifting CJT shares too. Air cargo rates and volumes continue to rise. The pullback now is a buying opportunity. Yes, Air Canada is getting into cargo, but there's enough of the transport pie to slice. (Analysts’ price target is $259.00)
Yesterday's sell-off He owns Amazon instead, CJT's customer. Air delivery is growing as retail grows online. This business is solid, though there may be more competition as the airlines resume flying. The Canadian economy will grow as will e-commerce, so this is good to hold long-term.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Revenues beat street estimates by 4.5% at $187M but the reported loss was much worse than expected. Debt reduced by $63M and cash flow was good. However, the miss led to quick profit taking since the stock is up 84%. The thesis remains the same and 5i remains comfortable with the name. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Revenues beat street estimates by 4.5% at $187M but the reported loss was much worse than expected. Debt reduced by $63M and cash flow was good. However, the miss led to quick profit taking since the stock is up 84%. The thesis remains the same and 5i remains comfortable with the name. Unlock Premium - Try 5i Free
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 16
Neutral - Hold Signals / Votes : 6
Bearish - Sell Signals / Votes : 6
Total Signals / Votes : 28
Cargojet Inc is a Canadian stock, trading under the symbol CJT-T on the Toronto Stock Exchange (CJT-CT). It is usually referred to as TSX:CJT or CJT-T
In the last year, 28 stock analysts published opinions about CJT-T. 16 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Cargojet Inc.
Cargojet Inc was recommended as a Top Pick by Varun Anand on 2021-07-21. Read the latest stock experts ratings for Cargojet Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
28 stock analysts on Stockchase covered Cargojet Inc In the last year. It is a trending stock that is worth watching.
On 2021-08-04, Cargojet Inc (CJT-T) stock closed at a price of $187.56.
Let's be clear. This is not an airline pick. It's air cargo. Dominant in Canada. Extended contract with AMZN. Stock's sold off, as investors have moved to the reopening trade. But the boom in e-commerce that resulted from Covid is here to stay. Selloff unwarranted, now at a more attractive valuation. A long-term hold. Yield is 0.57%. (Analysts’ price target is $257.83)