Cargojet Stock Today
| CJT Stock | CAD 122.56 0.83 0.67% |
Performance0 of 100
| Odds Of DistressLess than 9
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Cargojet is selling at 122.56 as of the 22nd of November 2024; that is 0.67 percent decrease since the beginning of the trading day. The stock's open price was 123.39. 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 23rd of October 2024 and ending today, the 22nd of November 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 9.93 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.
| Chairman | Ajay Virmani | ||||
| Business Concentration | Air 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 LevelsCargojet 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.
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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 1.94 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 9.93 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.
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Ownership AllocationCargojet 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.
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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.
| Mean Deviation | 1.24 | |||
| Standard Deviation | 1.77 | |||
| Variance | 3.14 | |||
| Risk Adjusted Performance | 0.0055 |
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 Dickinson | Independent Director | Profile | |
| Scott Calver | Chief Officer | Profile | |
| Sanjeev Maini | Vice Finance | Profile | |
| Gord Johnston | Senior Sales | Profile | |
| Fernando Garcia | Vice Governance | Profile |
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.