Cargojet (OTCMKTS:CGJTF) Trading Down 1% – What’s Next?

Cargojet Inc. (OTCMKTS:CGJTF) shares were down 1% during mid-day trading on Monday . The company traded as low as $56.9150 and last traded at $56.9150. Approximately 1,587 shares changed hands during trading, a decline of 86% from the average daily volume of 11,495 shares. The stock had previously closed at $57.47.

Analyst Ratings Changes

Several research analysts have weighed in on CGJTF shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Cargojet in a research report on Thursday, January 15th. Scotiabank reiterated an “outperform” rating on shares of Cargojet in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Cargojet Stock Performance

The company’s 50-day simple moving average is $67.04 and its 200 day simple moving average is $62.71. The company has a current ratio of 1.23, a quick ratio of 1.20 and a debt-to-equity ratio of 1.31.

Cargojet (OTCMKTS:CGJTF) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.32. The company had revenue of $207.32 million during the quarter, compared to analysts’ expectations of $251.30 million. Cargojet had a return on equity of 10.00% and a net margin of 7.97%.

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.