Cargojet Inc (TSE:CJT) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, August 8th. Analysts expect Cargojet to post earnings of $0.35 per share for the quarter.
Shares of Cargojet Inc (TSE:CJT) opened at 48.31 on Tuesday. The firm has a 50-day moving average price of $47.71 and a 200-day moving average price of $46.64. Cargojet Inc has a 1-year low of $33.27 and a 1-year high of $52.56. The stock has a market capitalization of $519.04 million and a PE ratio of 862.68.
Separately, Raymond James Financial, Inc. lowered their price objective on Cargojet from C$57.00 to C$55.00 and set an “outperform” rating for the company in a research report on Tuesday, May 16th. Six analysts have rated the stock with a buy rating, Cargojet has an average rating of “Buy” and an average price target of C$55.60.
In other news, insider Paul David Rinaldo sold 5,903 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of C$46.75, for a total transaction of C$275,965.25.
About Cargojet
Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.
Receive News & Ratings for Cargojet Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cargojet Inc and related companies with MarketBeat.com's FREE daily email newsletter.
