Shares of Cargojet Inc. (OTCMKTS:CGJTF – Get Free Report) gapped up before the market opened 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 changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on CGJTF shares. TD Securities reiterated a “buy” rating on shares of Cargojet in a research report on Thursday, September 17th. BMO Capital Markets restated a “market perform” rating on shares of Cargojet in a research report on Wednesday, August 12th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Cargojet in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.
View Our Latest Report on CGJTF
Cargojet Stock Up 1.2%
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 market cap of $1.15 billion and a PE ratio of 28.40. The stock has a 50-day moving average of $61.61 and a 200-day moving average of $62.21.
Cargojet (OTCMKTS:CGJTF – Get Free Report) last posted its quarterly earnings data on Wednesday, November 11th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.27. Cargojet had a return on equity of 7.96% and a net margin of 5.14%. The company had revenue of $201.21 million during the quarter, compared to analyst estimates 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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