Shares of Cargojet Inc. (OTCMKTS:CGJTF – Get Free Report) were down 1.3% during mid-day trading on Monday. The stock traded as low as $59.5880 and last traded at $59.5880. 931 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 6,710 shares. The stock had previously closed at $60.39.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on CGJTF. TD Securities reissued a “buy” rating on shares of Cargojet in a research note on Thursday, September 17th. BMO Capital Markets restated a “market perform” rating on shares of Cargojet in a report on Wednesday, August 12th. Finally, Scotiabank reissued an “outperform” rating on shares of Cargojet in a research 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 stock. According to data from MarketBeat.com, Cargojet currently has an average rating of “Moderate Buy”.
Get Our Latest Research Report on CGJTF
Cargojet Trading Down 1.3%
The company has a market cap of $887.86 million and a P/E ratio of 30.25. The business’s 50-day moving average price is $60.69 and its 200 day moving average price is $62.21. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.83.
Cargojet (OTCMKTS:CGJTF – Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.09). Cargojet had a return on equity of 6.75% and a net margin of 4.48%. The business had revenue of $194.16 million for the quarter, compared to the consensus estimate of $184.05 million.
Cargojet Company Profile
Cargojet Inc is a Canadian air cargo carrier that provides time-sensitive freight transportation and logistics services. Through its operating subsidiary, Cargojet Airways, the company transports packages, mail and other cargo for e-commerce companies, freight forwarders, integrators and other commercial customers.
Cargojet operates scheduled overnight air-cargo services across Canada, connecting major Canadian cities and regional markets. It also provides international and transborder cargo transportation, charter flights and aircraft, crew, maintenance and insurance (ACMI) services for customers that require dedicated freighter capacity.
Founded in 2001, Cargojet is headquartered in Mississauga, Ontario.
Featured Stories
- Five stocks we like better than Cargojet
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
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.
