Cargojet (OTCMKTS:CGJTF) Shares Gap Up – Should You Buy?

Cargojet Inc. (OTCMKTS:CGJTF)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $58.95, but opened at $61.53. Cargojet shares last traded at $61.53, with a volume of 100 shares trading hands.

Wall Street Analyst Weigh In

Separately, TD Securities reissued a “buy” rating on shares of Cargojet in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Cargojet Stock Performance

The company has a market cap of $905.86 million and a PE ratio of 40.81. The business’s 50-day moving average is $59.67 and its 200 day moving average is $62.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.88 and a current ratio of 0.91.

Cargojet (OTCMKTS:CGJTF) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.16). Cargojet had a net margin of 3.62% and a return on equity of 4.96%. The business had revenue of $185.68 million for the quarter, compared to analysts’ expectations of $175.56 million.

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.