Cargojet (TSE:CJT) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Posted by George Bondi on Aug 6th, 2026

Shares of Cargojet Inc. (TSE:CJT – Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$86.31 and traded as high as C$88.73. Cargojet shares last traded at C$88.51, with a volume of 84,154 shares changing hands.

Wall Street Analysts Forecast Growth

CJT has been the topic of a number of analyst reports. BMO Capital Markets dropped their price target on Cargojet from C$94.00 to C$85.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 6th. Scotiabank lowered their price objective on Cargojet from C$118.00 to C$115.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th. TD dropped their target price on Cargojet from C$124.00 to C$118.00 in a report on Wednesday, July 15th. National Bank Financial increased their target price on Cargojet from C$108.00 to C$109.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada reduced their price target on Cargojet from C$143.00 to C$140.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$124.17.

Check Out Our Latest Stock Analysis on Cargojet

Cargojet Stock Performance

The company has a market capitalization of C$1.30 billion, a PE ratio of 35.68 and a beta of 1.02. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 123.57. The business’s fifty day moving average is C$84.51 and its two-hundred day moving average is C$86.28.

Cargojet (TSE:CJT – Get Free Report) last issued its earnings results on Monday, May 4th. The company reported C$0.60 EPS for the quarter. Cargojet had a return on equity of 4.92% and a net margin of 3.64%.The business had revenue of C$254.70 million for the quarter. Equities research analysts predict that Cargojet Inc. will post 5.890933 earnings per share for the current year.

Cargojet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, July 6th were issued a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, June 19th. Cargojet’s dividend payout ratio (DPR) is presently 58.57%.

About Cargojet

(Get Free Report)

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.