Cargojet (OTCMKTS:CGJTF – Get Free Report) is anticipated to announce its results after the market closes on Monday, August 10th. Analysts expect the company to announce earnings of $0.5740 per share and revenue of $184.0540 million for the quarter.
Cargojet Price Performance
OTCMKTS:CGJTF opened at $62.00 on Friday. The stock has a market capitalization of $923.80 million and a PE ratio of 41.61. Cargojet has a 1-year low of $46.64 and a 1-year high of $75.12. The firm has a fifty day simple moving average of $60.28 and a 200 day simple moving average of $62.53. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 1.20.
Analyst Upgrades and Downgrades
Several equities analysts have commented on CGJTF shares. Scotiabank reiterated an “outperform” rating on shares of Cargojet in a report on Thursday, July 16th. TD Securities restated a “buy” rating on shares of Cargojet in a research note 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, the stock presently has an average rating of “Moderate Buy”.
About Cargojet
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.
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