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Cargojet ( (TSE:CJT) ) has shared an announcement.
Cargojet Inc. has agreed to divest its minority investment in Miami-based air cargo operator 21 Air LLC, a stake it acquired in 2021 to gain collaboration and insights into the U.S. cargo market. The move is intended to sharpen Cargojet’s focus on its domestic network, ACMI and charter operations, enabling the company to reallocate capital toward areas where it believes it holds a stronger strategic advantage.
Following the exit, Cargojet and 21 Air plan to maintain a commercial relationship, collaborating selectively to support customers in the expanding air cargo market. The decision underscores Cargojet’s strategy of concentrating on core operations while still leveraging partnerships to participate in broader market growth without tying up capital in non-core equity investments.
The most recent analyst rating on (TSE:CJT) stock is a Hold with a C$88.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.
Spark’s Take on CJT Stock
According to Spark, TipRanks’ AI Analyst, CJT is a Neutral.
The score is primarily held back by pressured financial flexibility (higher leverage and volatile/negative free cash flow) and weak technical momentum. These are partly offset by reasonable valuation and a cautiously constructive earnings outlook driven by strong margins and disciplined 2026 CapEx plans, though China/ACMI/charter uncertainty limits upside.
To see Spark’s full report on CJT stock, click here.
More about Cargojet
Cargojet Inc. is a Canadian provider of time-sensitive premium air cargo services, operating a domestic network that connects major cities across North America. The company offers dedicated, ACMI and international charter services, moving over 25 million pounds of cargo weekly with a fleet of 41 aircraft, and focuses on serving customers that require reliable, overnight and express freight solutions.
Average Trading Volume: 111,677
Technical Sentiment Signal: Sell
Current Market Cap: C$1.22B
See more insights into CJT stock on TipRanks’ Stock Analysis page.