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 trading hands.
Wall Street Analysts Forecast Growth
CGJTF has been the subject of several research reports. Scotiabank reiterated an “outperform” 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, BMO Capital Markets reaffirmed a “market perform” rating on shares of Cargojet in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Get Our Latest Report on Cargojet
Cargojet Stock Performance
The company’s fifty day moving average is $61.61 and its 200 day moving average is $62.21. The company has a market capitalization of $1.15 billion and a P/E ratio of 28.40. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16.
Cargojet (OTCMKTS:CGJTF – Get Free Report) last issued its earnings results on Wednesday, November 11th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.27. The business had revenue of $201.21 million for the quarter, compared to analysts’ expectations of $190.24 million. Cargojet had a net margin of 5.14% and a return on equity of 7.96%.
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.
Featured Articles
- Five stocks we like better than Cargojet
- Nu Holdings Earnings Show a Compounder Priced Like a Brazil Bet
- Game On: The Hidden Value in Take-Two’s Stock
- LightPath Technologies’ Record Backlog Highlights a Bigger Defense Opportunity
- A 10-Stock Strategy That Balances AI Growth With Cash Flow
Receive News & Ratings for Cargojet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cargojet and related companies with MarketBeat.com's FREE daily email newsletter.
