Celadon Group Inc. (NYSE:CGI)’s share price was down 4.3% during mid-day trading on Thursday . The company 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.

A number of equities analysts recently issued reports on CGI shares. Cowen and Company boosted their target price on shares of Celadon Group from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, April 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Celadon Group in a research report on Sunday, May 1st. Stifel Nicolaus lowered shares of Celadon Group from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Zacks Investment Research lowered shares of Celadon Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, TD Securities reaffirmed a “buy” rating on shares of Celadon Group in a research report on Monday, April 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.86.

The stock has a market cap of $224.76 million and a P/E ratio of 6.35. The company’s 50 day moving average is $9.42 and its 200 day moving average is $9.35.

Celadon Group (NYSE:CGI) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The company earned $259.60 million during the quarter, compared to analyst estimates of $262.10 million. During the same period in the previous year, the company posted $0.36 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. Analysts expect that Celadon Group Inc. will post $1.04 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 22nd. Stockholders of record on Friday, July 8th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, July 6th.

Several large investors recently added to or reduced their stakes in CGI. Buckhead Capital Management LLC increased its stake 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 last quarter. First Trust Advisors LP increased its stake 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 last quarter. Principal Financial Group Inc. increased its stake 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 last quarter. Bank of Montreal Can increased its stake 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 last quarter. Finally, Victory Capital Management Inc. increased its stake 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 last quarter.

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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