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Cargojet ( (TSE:CJT) ) just unveiled an update.
Cargojet has extended its Air Transportation Services Agreement with Amazon Canada Fulfillment Services for an additional four years, with an option for Amazon to renew until 2031. This extension highlights Cargojet’s integral role in Amazon’s logistics network and reinforces its strong position in the air cargo industry, potentially benefiting stakeholders by ensuring continued collaboration with a major client.
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 score is driven by its strong financial performance and positive earnings call sentiment, indicating robust growth and operational efficiency. However, risks from leverage and cash flow constraints, along with technical trends, moderate 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, serving major cities across North America and select international destinations. The company offers dedicated, ACMI, CMI, and international charter services, transporting over 25 million pounds of cargo weekly with a fleet of 41 aircraft.
Average Trading Volume: 84,435
Technical Sentiment Signal: Sell
Current Market Cap: C$1.47B
For an in-depth examination of CJT stock, go to TipRanks’ Overview page.