Cargojet (OTCMKTS:CGJTF) Shares Gap Up – Still a Buy?

Cargojet Inc. (OTCMKTS:CGJTF) shares gapped up prior to trading on Friday . The stock had previously closed at $70.0582, but opened at $72.4640. Cargojet shares last traded at $72.4640, with a volume of 1 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CGJTF. BMO Capital Markets reaffirmed a “market perform” rating on shares of Cargojet in a research note on Thursday, January 15th. Scotiabank reaffirmed an “outperform” rating on shares of Cargojet in a research report on Wednesday, January 21st. Two research 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, Cargojet presently has an average rating of “Moderate Buy”.

Cargojet Price Performance

The firm’s 50 day moving average price is $65.49 and its two-hundred day moving average price is $64.42.

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.