Shares of Cargojet Inc. (OTCMKTS:CGJTF – Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $62.13 and traded as high as $64.71. Cargojet shares last traded at $63.96, with a volume of 6,578 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on CGJTF shares. Scotiabank restated an “outperform” rating on shares of Cargojet in a report on Wednesday, August 12th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Cargojet in a report on Wednesday, August 12th. Finally, TD Securities reiterated a “buy” rating on shares of Cargojet in a research report on Thursday, September 17th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Get Our Latest Report on Cargojet
Cargojet Stock Up 3.4%
The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.83. The firm’s 50 day simple moving average is $60.60 and its 200 day simple moving average is $62.15.
Cargojet (OTCMKTS:CGJTF – Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.09). Cargojet had a net margin of 4.48% and a return on equity of 6.75%. The firm had revenue of $194.16 million during the quarter, compared to analysts’ expectations 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.
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