Cargojet Inc. (OTCMKTS:CGJTF – Get Free Report)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $67.88, but opened at $75.98. Cargojet shares last traded at $76.18, with a volume of 200 shares trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on CGJTF shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Cargojet in a research report on Wednesday, August 12th. TD Securities reiterated a “buy” rating on shares of Cargojet in a research note on Thursday, September 17th. Finally, Scotiabank reissued an “outperform” rating on shares of Cargojet in a report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on CGJTF
Cargojet Stock Performance
The company has a market capitalization of $1.14 billion and a PE ratio of 28.40. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average price of $61.99 and a two-hundred day moving average price of $62.25.
Cargojet (OTCMKTS:CGJTF – Get Free Report) last issued its quarterly earnings data on Wednesday, November 11th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.27. Cargojet had a return on equity of 7.96% and a net margin of 5.14%. The business had revenue of $201.21 million for the quarter, compared to analysts’ expectations of $190.24 million.
About Cargojet
Cargojet Inc. is a Canadian air-cargo company headquartered in Mississauga, Ontario. It operates scheduled overnight cargo services connecting major cities across Canada, along with transborder and international routes. The company provides time-sensitive air transportation for customers such as retailers, logistics providers and freight forwarders. Its services include scheduled cargo capacity, dedicated aircraft operations, charter flights and aircraft, crew, maintenance and insurance arrangements.
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