Shares of Cargojet Inc. (OTCMKTS:CGJTF – Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $60.9756, but opened at $64.20. Cargojet shares last traded at $64.20, with a volume of 200 shares traded.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. BMO Capital Markets reissued a “market perform” rating on shares of Cargojet in a research note on Wednesday, August 12th. TD Securities restated a “buy” rating on shares of Cargojet in a research note on Thursday, September 17th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Cargojet in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on Cargojet
Cargojet Trading Up 5.7%
The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.83. The firm has a market cap of $1.01 billion and a PE ratio of 34.31. The stock’s 50 day simple moving average is $60.47 and its 200 day simple moving average is $62.14.
Cargojet (OTCMKTS:CGJTF – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.09). Cargojet had a net margin of 4.48% and a return on equity of 6.75%. The company had revenue of $194.16 million for the quarter, compared to analysts’ expectations of $184.05 million.
About Cargojet
Cargojet Inc is a Canadian air cargo carrier that provides time-sensitive freight transportation and logistics services. Through its operating subsidiary, Cargojet Airways, the company transports packages, mail and other cargo for e-commerce companies, freight forwarders, integrators and other commercial customers.
Cargojet operates scheduled overnight air-cargo services across Canada, connecting major Canadian cities and regional markets. It also provides international and transborder cargo transportation, charter flights and aircraft, crew, maintenance and insurance (ACMI) services for customers that require dedicated freighter capacity.
Founded in 2001, Cargojet is headquartered in Mississauga, Ontario.
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