Scotiabank Forecasts Strong Price Appreciation for Cargojet (TSE:CJT) Stock

Cargojet (TSE:CJT) had its price objective lifted by equities researchers at Scotiabank from C$115.00 to C$118.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 23.66% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus reduced their price objective on shares of Cargojet from C$120.00 to C$100.00 in a research report on Monday, November 10th. TD Securities cut their target price on shares of Cargojet from C$160.00 to C$120.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Desjardins lifted their price target on shares of Cargojet from C$117.00 to C$118.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Canadian Imperial Bank of Commerce increased their price objective on Cargojet from C$106.00 to C$116.00 in a research report on Thursday. Finally, Royal Bank Of Canada decreased their target price on Cargojet from C$151.00 to C$143.00 and set an “outperform” rating on the stock in a report on Monday, December 22nd. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Cargojet currently has an average rating of “Moderate Buy” and an average price target of C$125.45.

Cargojet Stock Performance

Shares of TSE CJT opened at C$95.42 on Thursday. Cargojet has a 1 year low of C$65.60 and a 1 year high of C$113.89. The firm has a market cap of C$1.44 billion, a P/E ratio of 12.12 and a beta of 0.82. The stock has a fifty day moving average price of C$91.57 and a two-hundred day moving average price of C$88.94. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56.

Cargojet (TSE:CJT) last announced its quarterly earnings data on Tuesday, February 24th. The company reported C$1.47 earnings per share for the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%.The business had revenue of C$284.70 million during the quarter. Research analysts forecast that Cargojet will post 5.890933 EPS for the current fiscal year.

Key Headlines Impacting Cargojet

Here are the key news stories impacting Cargojet this week:

• Positive Sentiment: Desjardins raised its price target to C$126 (from C$117), implying roughly ~28% upside from the reference price cited in the filings. Article Title
• Positive Sentiment: Stifel Nicolaus bumped its target to C$120 (from C$100) and reiterated a “buy” rating, signaling stronger conviction among sell‑side analysts. Article Title TickerReport
• Positive Sentiment: Scotiabank raised its target to C$118 (from C$115) and kept an “outperform” rating — another endorsement of upside potential. Article Title
• Positive Sentiment: CIBC lifted its target to C$116 (from C$106), adding to the cluster of double‑digit upside targets from Canadian banks. Article Title
• Neutral Sentiment: Q4 2025 earnings call transcript is available for investors to review, providing the underlying operational and margin details that likely informed the analyst revisions. Review the transcript for management commentary on capacity, contract renewals, fuel and labor costs. Earnings Transcript
• Negative Sentiment: BMO Capital Markets raised its target modestly to C$94 (from C$90) but kept a “market perform” stance — its target sits below the reference price and signals more caution relative to peers, which can limit upside and weigh on sentiment. Article Title TickerReport

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.