Celadon Group Inc. (NYSE:CGI)’s share price shot up 7.4% during trading on Friday . The company traded as high as $8.25 and last traded at $8.24, with a volume of 198,041 shares traded. The stock had previously closed at $7.67.

A number of brokerages have commented on CGI. TD Securities reaffirmed a “buy” rating on shares of Celadon Group in a research note on Monday, April 4th. Scotiabank reissued an “outperform” rating and issued a $64.00 price target on shares of Celadon Group in a research note on Thursday, March 31st. Zacks Investment Research raised shares of Celadon Group from a “sell” rating to a “hold” rating in a research note on Monday, April 4th. Cowen and Company boosted their price target on shares of Celadon Group from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, April 29th. Finally, Credit Suisse Group AG reissued an “outperform” rating on shares of Celadon Group in a research note on Sunday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $31.86.

The stock has a market capitalization of $224.76 million and a P/E ratio of 6.35. The company has a 50-day moving average of $9.42 and a 200-day moving average of $9.35.

Celadon Group (NYSE:CGI) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $259.60 million for the quarter, compared to analyst estimates of $262.10 million. Celadon Group’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 earnings per share. On average, equities analysts forecast that Celadon Group Inc. will post $1.04 earnings per share for the current fiscal year.

The company 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 dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, July 6th. This represents a $0.08 annualized dividend and a dividend yield of 0.98%.

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