Celadon Group Inc. (CGI) Trading 3.8% Higher
Celadon Group Inc. (NYSE:CGI)’s share price traded up 3.8% during trading on Friday . The company traded as high as $8.83 and last traded at $8.71, with a volume of 248,078 shares. The stock had previously closed at $8.39.
A number of equities analysts recently commented on the company. Zacks Investment Research raised Celadon Group from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Credit Suisse Group AG reaffirmed an “outperform” rating on shares of Celadon Group in a report on Sunday, May 1st. Desjardins upgraded Celadon Group from a “hold” rating to a “buy” rating in a research note on Friday, May 27th. BMO Capital Markets reiterated an “outperform” rating on shares of Celadon Group in a research note on Sunday, May 1st. Finally, TD Securities reiterated a “buy” 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. The stock currently has an average rating of “Buy” and an average price target of $31.86.
The stock has a market capitalization of $241.33 million and a PE ratio of 6.82. The firm’s 50-day moving average price is $9.13 and its 200 day moving average price is $9.27.
Celadon Group (NYSE:CGI) last posted its earnings results on Wednesday, April 27th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The business had revenue of $259.60 million for the quarter, compared to analyst estimates of $262.10 million. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts forecast that Celadon Group Inc. will post $1.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, July 6th. This represents a $0.08 dividend on an annualized basis and a yield of 0.92%.
A number of hedge funds and institutional investors have bought and sold shares of CGI. 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 worth $1,700,000 after buying an additional 3,003 shares in the last quarter. Bank of Montreal Can increased its position in shares of 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. Victory Capital Management Inc. increased its position in shares of 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. Finally, Buckhead Capital Management LLC increased its position in shares of 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.
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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