Celadon Group Inc. (CGI) Stock Price Up 7.4%
Celadon Group Inc. (NYSE:CGI) rose 7.4% during mid-day trading on Friday . The stock traded as high as $8.25 and last traded at $8.24, with a volume of 198,041 shares. The stock had previously closed at $7.67.
CGI has been the subject of several research analyst reports. Stifel Nicolaus lowered Celadon Group from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. Cowen and Company lifted their price target on Celadon Group from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, April 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Celadon Group in a research note on Wednesday, June 22nd. Desjardins reaffirmed a “hold” rating on shares of Celadon Group in a research note on Friday, April 15th. Finally, Scotiabank reiterated an “outperform” rating and issued a $64.00 price objective on shares of Celadon Group in a report on Thursday, March 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Celadon Group presently has a consensus rating of “Buy” and an average target price of $31.86.
The firm has a market cap of $225.59 million and a P/E ratio of 6.37. The stock’s 50-day moving average price is $9.44 and its 200 day moving average price is $9.36.
Celadon Group (NYSE:CGI) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.19. The business earned $259.60 million during the quarter, compared to analysts’ expectations of $262.10 million. During the same quarter in the previous year, the company posted $0.36 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. Analysts forecast that Celadon Group Inc. will post $1.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 22nd. Shareholders of record on Friday, July 8th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, July 6th. This represents a $0.08 dividend on an annualized basis and a yield of 1.04%.
Several hedge funds and institutional investors recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its position in Celadon Group by 1.8% in the fourth quarter. First Trust Advisors LP now owns 171,927 shares of the company’s stock valued at $1,700,000 after buying an additional 3,003 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 valued at $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 valued at $4,896,000 after buying an additional 494,715 shares during the period. 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 valued at $16,317,000 after buying an additional 258,505 shares during the period. Finally, 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 valued at $1,332,000 after buying an additional 59,624 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.