Celadon Group Inc. (CGI) Stock Price Down 3.5%
Shares of Celadon Group Inc. (NYSE:CGI) were down 3.5% during trading on Tuesday . The stock traded as low as $7.63 and last traded at $7.65, with a volume of 112,238 shares trading hands. The stock had previously closed at $7.93.
Several analysts have commented on CGI shares. TD Securities reiterated a “buy” rating on shares of Celadon Group in a research report on Sunday, May 1st. Desjardins raised shares of Celadon Group from a “hold” rating to a “buy” rating in a report on Friday, May 27th. Zacks Investment Research raised shares of Celadon Group from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Stifel Nicolaus lowered shares of Celadon Group from a “buy” rating to a “hold” rating in a report on Friday, June 24th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating on shares of Celadon Group in a report on Sunday, May 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Celadon Group currently has an average rating of “Buy” and a consensus price target of $31.86.
The firm has a market capitalization of $210.96 million and a P/E ratio of 5.96. The company has a 50-day moving average price of $8.36 and a 200-day moving average price of $9.30.
A number of institutional investors have recently made changes to their positions in the company. First Trust Advisors LP increased its position 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 worth $1,700,000 after buying an additional 3,003 shares in 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 period. 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 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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