Cargojet Stock Today

CJT Stock  CAD 118.03  0.74  0.63%   

Performance

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Odds Of Distress

Less than 9

 
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Cargojet is selling at 118.03 as of the 5th of December 2024; that is 0.63 percent increase since the beginning of the trading day. The stock's open price was 117.29. Cargojet has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Cargojet are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 16th of December 2022 and ending today, the 5th of December 2024. Click here to learn more.
Business Domain
Transportation
Category
Industrials
Cargojet Inc. provides time sensitive overnight air cargo services in Canada. Cargojet Inc. is headquartered in Mississauga, Canada.Cargojet Inc. operates as a subsidiary of Flagship International Marketing Limited. CARGOJET INC operates under Integrated Freight Logistics classification in Canada and is traded on Toronto Stock Exchange. The company has 15.86 M outstanding shares of which 284.19 K shares are currently shorted by private and institutional investors with about 4.34 days to cover all short positions. More on Cargojet

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Cargojet Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cargojet's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cargojet or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanAjay Virmani
Business ConcentrationAir Freight & Logistics, Integrated Freight & Logistics, Industrials, Industrials, Air Freight & Logistics, Integrated Freight & Logistics, Industrials (View all Sectors)
Cargojet's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Cargojet's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Debt Levels
Cargojet can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cargojet's financial leverage. It provides some insight into what part of Cargojet's total assets is financed by creditors.
Liquidity
Cargojet cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Cargojet has accumulated 799.2 M in total debt with debt to equity ratio (D/E) of 2.72, implying the company greatly relies on financing operations through barrowing. Cargojet has a current ratio of 0.65, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Cargojet until it has trouble settling it off, either with new capital or with free cash flow. So, Cargojet's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cargojet sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cargojet to invest in growth at high rates of return. When we think about Cargojet's use of debt, we should always consider it together with cash and equity.

Depreciation

187.32 Million
Cargojet (CJT) is traded on Toronto Exchange in Canada and employs 1,892 people. Cargojet is listed under Air Freight & Logistics category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.87 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cargojet's market, we take the total number of its shares issued and multiply it by Cargojet's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Cargojet operates under Air Freight & Logistics sector and is part of Industrials industry. The entity has 15.86 M outstanding shares of which 284.19 K shares are currently shorted by private and institutional investors with about 4.34 days to cover all short positions. Cargojet has accumulated about 1.4 M in cash with 192.8 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09.
Check Cargojet Probability Of Bankruptcy
Ownership Allocation
Cargojet holds a total of 15.86 Million outstanding shares. Over half of Cargojet's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Cargojet. Please watch out for any change in the institutional holdings of Cargojet as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Cargojet Ownership Details

Cargojet Risk Profiles

Although Cargojet's alpha and beta are two of the key measurements used to evaluate Cargojet's performance over the market, the standard measures of volatility play an important role as well.

Cargojet Stock Against Markets

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Cargojet Corporate Management

Elected by the shareholders, the Cargojet's board of directors comprises two types of representatives: Cargojet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cargojet. The board's role is to monitor Cargojet's management team and ensure that shareholders' interests are well served. Cargojet's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cargojet's outside directors are responsible for providing unbiased perspectives on the board's policies.
Arlene DickinsonIndependent DirectorProfile
Scott CalverChief OfficerProfile
Sanjeev MainiVice FinanceProfile
Gord JohnstonExecutive SalesProfile
Fernando GarciaVice GovernanceProfile
Leo CordeiroSenior EngineeringProfile

Other Information on Investing in Cargojet Stock

Cargojet financial ratios help investors to determine whether Cargojet Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cargojet with respect to the benefits of owning Cargojet security.