Celadon Group Inc. (NYSE:CGI) traded down 4.3% during trading on Thursday . The stock traded as low as $7.65 and last traded at $7.65, with a volume of 145,602 shares. The stock had previously closed at $7.99.

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Celadon Group in a research note on Wednesday, June 22nd. Deutsche Bank AG reiterated a “sell” rating on shares of Celadon Group in a research note on Sunday, May 1st. Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Celadon Group in a research note on Sunday, May 1st. Zacks Investment Research upgraded shares of Celadon Group from a “sell” rating to a “hold” rating in a research note on Monday, May 2nd. Finally, Credit Suisse Group AG restated an “outperform” rating on shares of Celadon Group in a research report on Sunday, May 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Celadon Group has a consensus rating of “Buy” and an average target price of $31.86.

The company has a 50 day moving average price of $9.48 and a 200-day moving average price of $9.37. The company has a market capitalization of $211.78 million and a price-to-earnings ratio of 5.98.

Celadon Group (NYSE:CGI) last posted its earnings results on Wednesday, April 27th. The company reported $0.19 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.19. The company earned $259.60 million during the quarter, compared to analysts’ expectations of $262.10 million. During the same period last year, the business earned $0.36 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. Equities analysts forecast that Celadon Group Inc. will post $1.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Investors of record on Friday, July 8th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, July 6th.

Other hedge funds and institutional investors recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Celadon Group by 18.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,649,832 shares of the company’s stock worth $16,317,000 after buying an additional 258,505 shares during the period. Buckhead Capital Management LLC increased its position in Celadon Group by 79.5% in the fourth quarter. Buckhead Capital Management LLC now owns 134,631 shares of the company’s stock worth $1,332,000 after buying an additional 59,624 shares during the period. Principal Financial Group Inc. increased its position in Celadon Group by 7.2% in the fourth quarter. Principal Financial Group Inc. now owns 183,321 shares of the company’s stock worth $1,813,000 after buying an additional 12,328 shares during the period. Bank of Montreal Can increased its position in Celadon Group by 164,905.0% in the fourth quarter. Bank of Montreal Can now owns 495,015 shares of the company’s stock worth $4,896,000 after buying an additional 494,715 shares during the period. Finally, Penn Capital Management Co. Inc. increased its position in Celadon Group by 0.4% in the fourth quarter. Penn Capital Management Co. Inc. now owns 341,985 shares of the company’s stock worth $3,382,000 after buying an additional 1,298 shares during the period.

Celadon Group, Inc (Celadon) provides truckload freight transportation. The Company operates through two segments: asset based and asset light. The asset based segment offers services, such as United States domestic dry van, refrigerated, and flatbed service; cross-border service between the United States and each of Mexico and Canada; intra-Mexico and intra-Canada service; dedicated contract service; regional and specialized short haul service, and rail intermodal service.

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