Shares of Celadon Group Inc. (NYSE:CGI) dropped 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 equities analysts have recently weighed in on the stock. Cowen and Company lifted their target price on shares of Celadon Group from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, April 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Celadon Group in a report on Sunday, May 1st. Stifel Nicolaus lowered shares of Celadon Group from a “buy” rating to a “hold” rating in a report on Friday, June 24th. Zacks Investment Research lowered shares of Celadon Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Finally, TD Securities reaffirmed a “buy” 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 given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $31.86.

The stock has a 50 day moving average price of $8.29 and a 200-day moving average price of $9.28. The firm has a market capitalization of $202.40 million and a price-to-earnings ratio of 5.72.

Other large investors have recently bought and sold shares of the company. 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. 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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