Cargojet (TSE:CJT) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Posted by Francis Steltz on Jul 24th, 2026

Cargojet Inc. (TSE:CJT – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$86.48 and traded as high as C$88.56. Cargojet shares last traded at C$86.05, with a volume of 62,405 shares.

Wall Street Analyst Weigh In

CJT has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price objective on Cargojet from C$143.00 to C$140.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. TD decreased their target price on shares of Cargojet from C$124.00 to C$118.00 in a research report on Wednesday, July 15th. National Bank Financial raised their price target on shares of Cargojet from C$108.00 to C$109.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce raised their price target on shares of Cargojet from C$116.00 to C$122.00 in a report on Thursday, April 2nd. Finally, BMO Capital Markets dropped their price target on shares of 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. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Cargojet has a consensus rating of “Moderate Buy” and an average price target of C$124.17.

Read Our Latest Analysis on Cargojet

Cargojet Stock Performance

The company has a debt-to-equity ratio of 123.57, a quick ratio of 0.79 and a current ratio of 0.91. The stock has a fifty day simple moving average of C$84.32 and a two-hundred day simple moving average of C$86.48. The stock has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 34.89 and a beta of 1.02.

Cargojet (TSE:CJT – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported C$0.60 earnings per share for the quarter. The firm had revenue of C$254.70 million during the quarter. Cargojet had a return on equity of 4.92% and a net margin of 3.64%. Analysts forecast that Cargojet Inc. will post 5.890933 earnings per share for the current fiscal year.

Cargojet Dividend Announcement

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

Cargojet Company Profile

(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.