Cargojet (OTCMKTS:CGJTF) Hits New 52-Week High – Should You Buy?

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

Analysts Set New Price Targets

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

Cargojet Stock Performance

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

Cargojet (OTCMKTS:CGJTF) last issued 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). The company had revenue of $194.16 million for the quarter, compared to analyst estimates of $184.05 million. Cargojet had a return on equity of 6.75% and a net margin of 4.48%.

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.