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

Cargojet Inc. (OTCMKTS:CGJTF)’s share 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 traded.

Analyst Upgrades and Downgrades

Separately, TD Securities reiterated a “buy” rating on shares of Cargojet in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Cargojet currently has a consensus rating of “Moderate Buy”.

Cargojet Stock Up 0.8%

The company’s 50 day simple moving average is $59.67 and its 200-day simple moving average is $62.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.88 and a current ratio of 0.91. The firm has a market capitalization of $905.86 million and a PE ratio of 40.81.

Cargojet (OTCMKTS:CGJTF) last released its quarterly earnings results on Monday, May 4th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.16). The firm had revenue of $185.68 million during the quarter, compared to the consensus estimate of $175.56 million. Cargojet had a return on equity of 4.96% and a net margin of 3.62%.

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.