Cargojet (OTCMKTS:CGJTF – Get Free Report) announced its earnings results on Wednesday. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.27, Zacks reports. Cargojet had a net margin of 4.48% and a return on equity of 6.75%.
Cargojet Price Performance
CGJTF traded up $0.18 on Wednesday, hitting $67.88. 4,300 shares of the stock were exchanged, compared to its average volume of 11,256. Cargojet has a 12 month low of $50.54 and a 12 month high of $73.11. The business has a 50-day moving average of $61.09 and a two-hundred day moving average of $62.17. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.83 and a quick ratio of 0.81. The firm has a market capitalization of $1.01 billion and a price-to-earnings ratio of 34.46.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on CGJTF shares. Scotiabank reiterated an “outperform” rating on shares of Cargojet in a research report on Wednesday, August 12th. BMO Capital Markets reissued a “market perform” rating on shares of Cargojet in a research report on Wednesday, August 12th. Finally, TD Securities reissued a “buy” rating on shares of Cargojet in a research report on Thursday, September 17th. Two 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 a consensus rating of “Moderate Buy”.
Get Our Latest Research Report on Cargojet
Cargojet Company Profile
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.
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