Cargojet (OTCMKTS:CGJTF) Announces Earnings Results

Cargojet (OTCMKTS:CGJTF) posted its quarterly earnings data on Tuesday. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.32, Zacks reports.

Cargojet Stock Performance

Shares of CGJTF stock remained flat at $71.05 during mid-day trading on Tuesday. The company’s stock had a trading volume of 88,652 shares, compared to its average volume of 5,883. Cargojet has a 12 month low of $46.64 and a 12 month high of $81.44. The firm’s 50-day moving average price is $66.13 and its two-hundred day moving average price is $64.34.

Analysts Set New Price Targets

CGJTF has been the subject of several analyst reports. Scotiabank reiterated an “outperform” rating on shares of Cargojet in a report on Wednesday, January 21st. BMO Capital Markets reaffirmed a “market perform” rating on shares of Cargojet in a research report on Thursday, January 15th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Cargojet Company Profile

Cargojet Inc is a Canadian-based air cargo carrier specializing in time-sensitive freight transportation. The company operates scheduled and on-demand cargo services throughout Canada and into international markets, providing next-flight-out and overnight delivery for a broad range of shippers. Cargojet’s fleet—anchored by Boeing 767-300ER freighters—is configured to handle standard palletized freight as well as specialized shipments such as temperature-controlled pharmaceuticals and high-value electronics.

Headquartered in Mississauga, Ontario, Cargojet serves major Canadian gateways including Toronto, Vancouver and Montreal, and extends its network into the United States, the Caribbean and select Latin American destinations.