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Cargojet ( (TSE:CJT) ) just unveiled an announcement.
Cargojet Inc. has successfully redeemed its outstanding $115 million 5.25% senior unsecured hybrid debentures due in 2026, using proceeds from a previous offering of 4.599% senior unsecured notes. This strategic financial move reflects Cargojet’s proactive management of its debt obligations, potentially enhancing its financial stability and market positioning.
The most recent analyst rating on (TSE:CJT) stock is a Buy with a C$135.00 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 Neutral.
Cargojet’s overall score is driven by strong financial performance and positive earnings call sentiment, highlighting growth and strategic partnerships. However, technical analysis indicates bearish trends, and financial management challenges persist, impacting the score.
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, and International Charter services across major North American cities. The company operates a fleet of Boeing aircraft and transports over 25 million pounds of cargo weekly.
Average Trading Volume: 70,665
Technical Sentiment Signal: Sell
Current Market Cap: C$1.4B
Learn more about CJT stock on TipRanks’ Stock Analysis page.