02:42:31 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Cargojet Inc
Symbol CJT
Shares Issued 16,867,243
Close 2024-04-16 C$ 109.00
Market Cap C$ 1,838,529,487
Recent Sedar Documents

Globe says Spracklin keeps Cargojet at "outperform"

2024-04-17 07:54 ET - In the News

The Globe and Mail reports in its Wednesday edition that as Canadian trucking and diversified industrial companies head into the first quarter earnings season, RBC Dominion Securities analyst Walter Spracklin predicts a weak environment due to low volume indications from U.S. transports and Canadian railway data. The Globe's David Leeder writes in the Eye On Equities column that Mr. Spracklin sees Cargojet as the "best-positioned" stock in his coverage universe going into first quarter reporting season. Mr. Spracklin continues to rate Cargojet "outperform." He has a Street-high share target of $184. Analysts on average target the shares at $147.42. Mr. Spracklin says in a note: "Our Q1 EBITDA estimate remains unchanged at $78-million slightly above consensus $76-million due to strong January trends that suggest upside to current consensus. Our 2024 estimate is also unchanged at $327-million, in line to slightly ahead of consensus $325-million. Our 2025 estimate stands at $368-million, ahead of consensus $344-million, on what we see as increasing e-commerce penetration and better margins driven by improving capacity utilization. ... We see meaningful opportunity continuing into 2026."

© 2024 Canjex Publishing Ltd. All rights reserved.