Buy, Sell or Hold: Cargojet Inc (CJT-T) — Stock Predictions at Stockchase

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Home Daily Stock Opinions and Ratings Cargojet Inc (CJT-T)

TSE:CJT

130.88

0.15 (0.11%) 1d

HOLD

Does not own shares. Cyclical business that is hard to predict. Pandemic benefited business, but positive impacts receding. Not a good investment going into economic downturn.

Transportation & Environmental Services

DON'T BUY

Downtrend lately given share price performance. Volatile stock that is not stable. Not a cheap valuation right now. Better investment opportunities available.

Transportation & Environmental Services

WEAK BUY

Growth drivers, like online shopping, are still in place. All retailers need to offer online shipping. As the worldwide economy continues to grow, it will do fine. Problem is it exploded during pandemic. Attractive valuation. Both competition and supply have picked up. He prefers TFII and CNR.

Transportation & Environmental Services

BUY

It has done a lot of capital expenditures. They are tethered to tech and e-commerce, eg. Amazon. They have extended their UPS contract by five years. It is at a good level to buy.

Transportation & Environmental Services

TOP PICK

It is Canada's largest air cargo carrier with 34 planes. It has locked up 90% of the overnight air freight market in Canada. Has big clients along with overseas business and e-commerce. Before it buys a plane it has the contracts to back it up. High margin, high growth, high ROC, high quality. Buy 10, Hold 2, Sell 0. (Analysts’ price target is $199.36)

Transportation & Environmental Services

HOLD

Outstanding company for the very long term. Dominant provider of air cargo in Canada. Sector under pressure with economic storm clouds, and increased capacity from more air travel and new players such as AC. Transports in general facing headwinds.

Transportation & Environmental Services

BUY on WEAKNESS

Allan Tong’s Discover Picks So, was CJT a pandemic play, wasn’t it? Yes, it was, but the stock still has a future. Last March, the company struck a five-year deal to supply aircraft to courier DHL around the globe. In return, DHL obtained 9.5% of CJT stock. After a very mixed earnings record in the past year, CJT handily beat its last quarter at $9.12 EPS vs. an expected $1.59. (Its Q3 will deliver on Hallowe’en.) Shares have been beaten down so badly that Cargojet looks oversold. In fact, Bay Street targets $203.82 on the name. That’s a little high in my book, but there’s likely more upside here than further downside. CJT trades at a 10.53x PE, but its forward PE is 15.11x. Read Mixed bag of 3 Defensive Stocks for our full analysis.

Transportation & Environmental Services

HOLD

Benefited during pandemic as the only game in town. AC took a bit of wind out of their sails. Good company. Neutral performer, no near-term catalysts. If you have it, you can hold. He wouldn't add now.

Transportation & Environmental Services

HOLD

Underwater. Hold or sell? Hold on. Market's worried about the major expansion just as costs are rising and the economy is slowing. Growth looks intact. Ongoing trend to deliver packages. Major DHL contract.

Transportation & Environmental Services

PAST TOP PICK

(A Top Pick Jul 21/21, Down 19%) He's been buying. Plans to expand fleet annoyed some investors. 17-year track record of executing well. Mega-deal with DHL. Concerns about economic slowdown. Still well positioned, dominant market share, freight rates remain high. His top pick in the space.

Transportation & Environmental Services

TOP PICK

It has pulled back with Amazon and e-commerce cooling, but they ship 90% of packages that go overnight between Vancouver and Toronto. It's a play on the Canadian economy. They can't keep up with demand. A good entry point. Shares can double in 2-3 years if we don't see a recession. CJT is adding 4 more planes in coming years, so he likes the growth outlook. (Analysts’ price target is $236.08)

Transportation & Environmental Services

BUY

Likes it. Saw a huge move during the pandemic lows, though it's pulled back from highs. Are expanding their fleet, so investors are worried about the costs. Are efficient operators. They cut a deal with DHL. Well-positioned within transportation though more expensive that FedEx and UPS.

Transportation & Environmental Services

BUY on WEAKNESS

For logistics exposure, look at Maersk, the biggest shipping company in the world. You can also look at FDX, CJT, or CHRW. Stocks have gone hyperbolic, and have now come back a bit. A lot of funds are selling out. Structural growth story. You make money when you buy, not when you sell. Buying on the pullback will lock in bigger gains.

Transportation & Environmental Services

BUY on WEAKNESS

His hangup on the stock has always been the threat of competition. Their setup is unique. Offers something to the market that's difficult for competitors to provide in terms of air freight logistics. Valuation of 24x forward earnings makes him hesitant. Consider on a pullback.

Transportation & Environmental Services

COMMENT

It boomed during Covid since CJT is in the delivery business. The stock rose too far, really. Even today, the 12-month PE is around 60x. Not interested in it. People may be returning to stores to buy things, and delivery of goods could be done using cheaper forms. CJT is well run, though. He's neutral on CJT.

Transportation & Environmental Services

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Cargojet Inc(CJT-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 12

Stockchase rating for Cargojet Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Cargojet Inc(CJT-T) Frequently Asked Questions

What is Cargojet Inc stock symbol?

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

Is Cargojet Inc a buy or a sell?

In the last year, 12 stock analysts published opinions about CJT-T. 7 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cargojet Inc.

Is Cargojet Inc a good investment or a top pick?

Cargojet Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Cargojet Inc.

Why is Cargojet Inc stock dropping?

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.

Is Cargojet Inc worth watching?

12 stock analysts on Stockchase covered Cargojet Inc In the last year. It is a trending stock that is worth watching.

What is Cargojet Inc stock price?

On 2023-02-03, Cargojet Inc (CJT-T) stock closed at a price of $130.88.

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