CJT - Demand is up but labor & fuel inflation is causing costs to go up as well. Today it's approaching a 16 month low at $164. Is this a good pick with on-line/Amazon shopping volume continuing to show signs of increasing or do you have a better alternative?
We believe that the demand for freight remains positive at CJT. Revenue growth and EPS estimates remain positive with roughly 11% growth expected in sales next year and 15% growth in EPS. Its P/E multiples have come down over the last few years and its forward sales multiple is at levels last seen in Q4 2019. We prefer TFII due to its better earnings history, although we believe this would be a decent entry point for CJT.
So said 5iResearch. GLTA