Cargojet Stock Today

Stocks . Canada . 
Stock . Cargojet
CJT Stock  CAD 96.90  3.10  3.10%   

Market Performance

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100

Odds Of Distress

Less than 29

 
100  
 
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Cargojet is selling at 96.90 as of the 10th of June 2023; that is -3.1 percent down since the beginning of the trading day. The stock's open price was 100.0. Cargojet has about a 29 % chance of experiencing some form of financial distress in the next two years of operation 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 11th of May 2023 and ending today, the 10th of June 2023. Click here to learn more.
Fiscal Year End
December
Category
Industrials
ISIN
CA14179V5036
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 17.21 M outstanding shares of which 328.31 K shares are currently shorted by private and institutional investors with about 7.63 days to cover all short positions. More on Cargojet

Moving against Cargojet Stock

-0.43FTTFinning InternationalPairCorr
-0.41ATSATS CORPPairCorr

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
Average Analyst Recommendation
Analysts covering Cargojet report their recommendations after researching Cargojet's financial statements, talking to executives and customers, or listening in on Cargojet's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Cargojet. The Cargojet consensus assessment is calculated by taking the average forecast from all of the analysts covering Cargojet.
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Cargojet's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
HoldOvervalued
Cargojet (CJT) is traded on Toronto Exchange in Canada and employs 1,771 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.72 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 Industrials sector and is part of Integrated Freight & Logistics industry. The entity has 17.21 M outstanding shares of which 328.31 K shares are currently shorted by private and institutional investors with about 7.63 days to cover all short positions. Cargojet has accumulated about 1.4 M in cash with 282.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09.
Check Cargojet Probability Of Bankruptcy
Ownership
Cargojet retains a total of 17.21 Million outstanding shares. 30% of Cargojet outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors.are subject to different rules and regulation than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or about to change. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation

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Cargojet Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Cargojet jumping above the current price in 90 days from now is close to 99%. The Cargojet probability density function shows the probability of Cargojet stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Cargojet has a beta of 0.9239 suggesting Cargojet market returns are highly reactive to returns on the market. As the market goes up or down, Cargojet is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Cargojet is significantly underperforming NYSE Composite.
  Odds Below 96.9HorizonTargetOdds Above 96.9
0.12%90 days
 96.90 
99.87%
Based on a normal probability distribution, the odds of Cargojet to move above the current price in 90 days from now is close to 99 (This Cargojet probability density function shows the probability of Cargojet Stock to fall within a particular range of prices over 90 days) .

Cargojet Historical Income Statement

Cargojet Income Statement is one of the three primary financial statements used for reporting Cargojet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cargojet revenue and expense. Cargojet Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Cargojet Direct Expenses is very stable at the moment as compared to the past year. Cargojet reported last year Direct Expenses of 474.21 Million. As of 10th of June 2023, Net Income is likely to grow to about 162.6 M, while Weighted Average Shares is likely to drop about 12.9 M. View More Fundamentals
Net Income  Revenues  

Cargojet Stock Against Markets

Picking the right benchmark for Cargojet stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cargojet stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cargojet is critical whether you are bullish or bearish towards Cargojet at a given time. Please also check how Cargojet's historical prices are related to one of the top price index indicators.
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Be your own money manager

Our tools can tell you how much better you can do entering a position in Cargojet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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.

How to buy Cargojet Stock?

Before investing in Cargojet, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cargojet. To buy Cargojet stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cargojet. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Cargojet stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Cargojet stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Cargojet stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cargojet, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Cargojet?

The danger of trading Cargojet is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cargojet is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cargojet. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cargojet is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Cargojet Stock analysis

When running Cargojet's price analysis, check to measure Cargojet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cargojet is operating at the current time. Most of Cargojet's value examination focuses on studying past and present price action to predict the probability of Cargojet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cargojet's price. Additionally, you may evaluate how the addition of Cargojet to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Cargojet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cargojet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cargojet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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