Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Cargojet ( (TSE:CJT) ) has shared an announcement.
Cargojet Inc. has extended its strategic agreement with DHL Network Operations until 2033, with potential extensions to 2037, aiming for a revenue target of up to C$3.2 billion. This agreement strengthens Cargojet’s position as a key player in global logistics, offering a comprehensive range of air transportation services to support DHL’s logistics network. The partnership will see Cargojet providing preferred opportunities for additional routes and includes a new warrant agreement tied to business volume delivery, reflecting a deepened commitment between the two companies.
The most recent analyst rating on (TSE:CJT) stock is a Hold with a C$120.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.
Spark’s Take on TSE:CJT Stock
According to Spark, TipRanks’ AI Analyst, TSE:CJT is a Outperform.
Cargojet’s overall stock score is driven by its strong financial performance and strategic corporate actions, which are slightly offset by risks associated with increasing leverage and technical indicators suggesting cautious market sentiment. The attractive valuation and positive earnings call sentiment further support the stock’s potential, making it a moderately attractive investment in the logistics sector.
To see Spark’s full report on TSE:CJT stock, click here.
More about Cargojet
Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to major cities across North America. It offers Dedicated, ACMI, CMI, and International Charter services, carrying over 25 million pounds of cargo weekly using its fleet of Boeing aircraft.
Average Trading Volume: 75,167
Technical Sentiment Signal: Sell
Current Market Cap: C$1.52B
For a thorough assessment of CJT stock, go to TipRanks’ Stock Analysis page.