Raymond James Financial Lowers Cargojet (TSE:CJT) Price Target to C$95.00

Cargojet (TSE:CJT) had its target price reduced by equities researchers at Raymond James Financial from C$132.00 to C$95.00 in a research report issued on Monday,BayStreet.CA reports. Raymond James Financial’s price objective points to a potential upside of 38.71% from the stock’s current price. Raymond James Financial also issued estimates for Cargojet’s Q4 2025 earnings at $0.91 EPS, FY2025 earnings at $3.87 EPS, Q1 2026 earnings at $0.82 EPS, Q2 2026 earnings at $0.81 EPS, Q3 2026 earnings at $1.02 EPS, Q4 2026 earnings at $1.31 EPS and FY2026 earnings at $3.96 EPS.

A number of other brokerages have also recently commented on CJT. TD Securities dropped their price target on Cargojet from C$160.00 to C$120.00 and set a “buy” rating for the company in a research note on Thursday. CIBC dropped their target price on Cargojet from C$142.00 to C$132.00 in a research report on Wednesday, October 8th. Desjardins set a C$149.00 price target on Cargojet and gave the company a “buy” rating in a research note on Wednesday, October 1st. ATB Capital lowered their price objective on Cargojet from C$155.00 to C$145.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Finally, Scotiabank cut their target price on shares of Cargojet from C$140.00 to C$135.00 in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat, Cargojet currently has an average rating of “Buy” and a consensus target price of C$133.15.

Cargojet Price Performance

Shares of CJT stock traded down C$0.84 on Monday, reaching C$68.49. The company had a trading volume of 183,482 shares, compared to its average volume of 94,664. The business’s 50-day moving average is C$89.80 and its 200 day moving average is C$94.35. Cargojet has a one year low of C$65.60 and a one year high of C$139.54. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. The stock has a market capitalization of C$1.07 billion, a PE ratio of 8.70 and a beta of 0.85.

Cargojet Company Profile

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.