Celadon Group Inc. (CGI) Trading Down 2.8%
Celadon Group Inc. (NYSE:CGI) shares fell 2.8% during trading on Tuesday . The company traded as low as $6.64 and last traded at $6.82, with a volume of 278,140 shares trading hands. The stock had previously closed at $7.02.
A number of research firms recently commented on CGI. Cowen and Company raised their price objective 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. Credit Suisse Group AG reiterated an “outperform” rating on shares of Celadon Group in a research note on Sunday, May 1st. TD Securities reiterated a “buy” rating on shares of Celadon Group in a research note on Sunday, May 1st. Deutsche Bank AG reiterated a “sell” rating on shares of Celadon Group in a research note on Sunday, May 1st. Finally, BMO Capital Markets reiterated 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 stock presently has a consensus rating of “Buy” and a consensus price target of $31.86.
The stock has a market capitalization of $188.87 million and a PE ratio of 5.34. The company has a 50-day moving average price of $8.08 and a 200-day moving average price of $9.28.
A hedge fund recently raised its stake in Celadon Group stock. First Trust Advisors LP increased its stake in shares of Celadon Group Inc. (NYSE:CGI) by 1.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 171,927 shares of the company’s stock after buying an additional 3,003 shares during the period. First Trust Advisors LP owned approximately 0.63% of Celadon Group worth $1,700,000 as of its most recent SEC filing.
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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