Cargojet (OTCMKTS:CGJTF) Trading Up 7.1% – Here’s What Happened

Cargojet Inc. (OTCMKTS:CGJTF) shares were up 7.1% during trading on Tuesday . The company traded as high as $66.42 and last traded at $66.42. 2,835 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 11,100 shares. The stock had previously closed at $62.04.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CGJTF shares. TD Securities restated a “buy” rating on shares of Cargojet in a research report on Wednesday, May 6th. Scotiabank reiterated an “outperform” rating on shares of Cargojet in a research report on Thursday, July 16th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Cargojet Stock Performance

The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 1.20. The company has a fifty day moving average price of $60.28 and a 200 day moving average price of $62.48. The stock has a market cap of $989.66 million and a PE ratio of 44.58.

Cargojet (OTCMKTS:CGJTF) last issued its earnings results 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 3.62% and a return on equity of 4.96%. The company had revenue of $194.16 million for the quarter, compared to analysts’ expectations of $184.05 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.