Cargojet (OTCMKTS:CGJTF) Sets New 12-Month High – What’s Next?

Shares of Cargojet Inc. (OTCMKTS:CGJTF) reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $75.78 and last traded at $74.50, with a volume of 1,930 shares traded. The stock had previously closed at $67.7015.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CGJTF shares. TD Securities restated a “buy” rating on shares of Cargojet in a research report on Thursday, September 17th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Cargojet in a report on Wednesday, August 12th. Finally, Scotiabank reiterated an “outperform” rating on shares of Cargojet in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Cargojet Stock Performance

The company has a market cap of $1.13 billion and a PE ratio of 38.40. The firm’s fifty day moving average is $61.26 and its 200 day moving average is $62.17. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16.

Cargojet (OTCMKTS:CGJTF) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.09). The company had revenue of $194.16 million for the quarter, compared to analysts’ expectations of $184.05 million. Cargojet had a net margin of 4.48% and a return on equity of 6.75%.

About Cargojet

Cargojet Inc. is a Canadian air-cargo company headquartered in Mississauga, Ontario. It operates scheduled overnight cargo services connecting major cities across Canada, along with transborder and international routes. The company provides time-sensitive air transportation for customers such as retailers, logistics providers and freight forwarders. Its services include scheduled cargo capacity, dedicated aircraft operations, charter flights and aircraft, crew, maintenance and insurance arrangements.