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The latest update is out from Cargojet ( (TSE:CJT) ).
Cargojet has extended its strategic partnership with DHL until 2033, with potential extensions to 2037, aiming for a revenue target of up to C$3.2 billion. This agreement solidifies Cargojet’s position as a key player in global logistics, offering a comprehensive range of air-transportation services to support DHL’s global network. The partnership includes a minimum monthly block hours guarantee and opportunities for Cargojet to expand its routes. Additionally, Cargojet will issue warrants to DHL, aligning interests and strengthening their long-term relationship.
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, offering Dedicated, ACMI, CMI, and International Charter services across major cities in North America. The company operates a fleet of Boeing aircraft and transports over 25 million pounds of cargo weekly.
Average Trading Volume: 75,167
Technical Sentiment Signal: Sell
Current Market Cap: C$1.52B
Find detailed analytics on CJT stock on TipRanks’ Stock Analysis page.