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Globe says Spracklin keeps Cargojet at "outperform"

2025-12-23 06:12 ET - In the News

sThe Globe and Mail reports in its Tuesday, Dec. 23, edition that RBC Dominion Securities analyst Walter Spracklin is keeping his "outperform" recommendation for Cargojet intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Spracklin gave his share target an $8 trim to $143. Analysts on average target the shares at $115.11. Mr. Spracklin says in a note: "Our Q4 EBITDA estimate remains at $83-million, above consensus $79-million. We continue to see Cargojet as very well positioned to benefit from operating leverage on rising volumes -- and evidence from our site tour points exactly to that. We are therefore flagging upside to both consensus and our Q4 estimate. We took lower our 2026 estimates to $340-million (from $353-million), which reflects continued industrial headwinds in H1, but remains well ahead of consensus $319-million on what we see as increasing eCommerce penetration and better margins driven by improving capacity utilization." The Globe reported on April 25 that Mr. Spracklin had reaffirmed his "outperform" recommendation for "top idea" Cargojet. The shares could then be had for $84.33. The Globe reported on Dec. 12 that Desjardins rated Cargojet "buy." It was then worth $75.74.

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