Cargojet (OTCMKTS:CGJTF) Stock Price Down 1.3% - Should You Sell?

Key Points

• Cargojet shares fell 1.3% to $59.588 during mid-day trading, while volume was 86% below the average daily level.
• Analyst sentiment remains positive overall: two analysts rate the stock “Buy,” one rates it “Hold,” resulting in a MarketBeat consensus rating of “Moderate Buy.”
• The company exceeded quarterly revenue expectations with $194.16 million, but EPS of $0.48 missed the $0.57 consensus estimate; Cargojet trades at a P/E ratio of 30.25.

Shares of Cargojet Inc. (OTCMKTS:CGJTF - Get Free Report) were down 1.3% during mid-day trading on Monday. The company traded as low as $59.5880 and last traded at $59.5880. 931 shares traded hands during trading, a decline of 86% from the average daily volume of 6,710 shares. The stock had previously closed at $60.39.

Wall Street Analyst Weigh In

CGJTF has been the topic of a number of research reports. TD Securities reaffirmed a "buy" rating on shares of Cargojet in a research report on Thursday, September 17th. Scotiabank reissued an "outperform" rating on shares of Cargojet in a report on Wednesday, August 12th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of Cargojet in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Cargojet Trading Down 1.3%

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 stock has a market cap of $887.86 million and a P/E ratio of 30.25. The company has a 50-day simple moving average of $60.69 and a 200-day simple moving average of $62.21.

Cargojet (OTCMKTS:CGJTF - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.48 EPS 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 company had revenue of $194.16 million for the quarter, compared to the consensus estimate of $184.05 million.

About Cargojet

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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