Celadon Group Inc. (CGI) Trading 8.4% Higher
Celadon Group Inc. (NYSE:CGI)’s share price traded up 8.4% during mid-day trading on Friday . The company traded as high as $8.16 and last traded at $8.16, with a volume of 164,305 shares traded. The stock had previously closed at $7.53.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Celadon Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Stifel Nicolaus cut Celadon Group from a “buy” rating to a “hold” rating in a report on Friday, June 24th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Celadon Group in a report on Wednesday, June 22nd. Desjardins raised Celadon Group from a “hold” rating to a “buy” rating in a research note on Friday, May 27th. Finally, TD Securities reissued a “buy” rating on shares of Celadon Group in a research note on Sunday, May 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $31.86.
The company has a 50 day moving average of $8.53 and a 200-day moving average of $9.26. The firm has a market capitalization of $221.17 million and a price-to-earnings ratio of 6.25.
A number of large investors have recently modified their holdings of CGI. Victory Capital Management Inc. raised its stake 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 valued at $16,317,000 after buying an additional 258,505 shares during the period. Bank of Montreal Can raised its stake 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 valued at $4,896,000 after buying an additional 494,715 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of 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.
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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