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

Cargojet Inc. (OTCMKTS:CGJTF – Get Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $58.95, but opened at $61.53. Cargojet shares last traded at $61.53, with a volume of 100 shares trading hands.

Analyst Ratings Changes

Separately, TD Securities reaffirmed a “buy” rating on shares of Cargojet in a 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. Based on data from MarketBeat.com, Cargojet currently has an average rating of “Moderate Buy”.

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Cargojet Price Performance

The business has a fifty day moving average price of $59.78 and a 200 day moving average price of $62.76. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.91 and a quick ratio of 0.88. The company has a market capitalization of $905.92 million and a price-to-earnings ratio of 40.81.

Cargojet (OTCMKTS:CGJTF – Get Free Report) last posted 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). Cargojet had a net margin of 3.62% and a return on equity of 4.96%. The company had revenue of $185.68 million during the quarter, compared to the consensus estimate of $175.56 million.

Cargojet Company Profile

(Get Free Report)

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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