Cargojet (OTCMKTS:CGJTF) Shares Gap Down – What’s Next?

Shares of Cargojet Inc. (OTCMKTS:CGJTF) gapped down prior to trading on Thursday . The stock had previously closed at $62.01, but opened at $57.47. Cargojet shares last traded at $57.47, with a volume of 53 shares.

Analyst Upgrades and Downgrades

Separately, TD Securities reaffirmed a “buy” rating on shares of Cargojet in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Cargojet Stock Performance

The firm has a market capitalization of $861.82 million and a P/E ratio of 38.82. The stock’s 50 day moving average is $59.85 and its two-hundred day moving average is $62.41. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.91 and a quick ratio of 0.88.

Cargojet (OTCMKTS:CGJTF) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.16). The business had revenue of $185.68 million during the quarter, compared to analyst estimates of $175.56 million. Cargojet had a net margin of 3.62% and a return on equity of 4.96%.

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.