Shares of Celadon Group Inc. (NYSE:CGI) traded down 2.8% on Tuesday . The stock traded as low as $6.64 and last traded at $6.82, with a volume of 278,140 shares traded. The stock had previously closed at $7.02.

Several analysts have weighed in on the company. Cowen and Company boosted their price objective on Celadon Group from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, April 29th. Credit Suisse Group AG reissued an “outperform” rating on shares of Celadon Group in a report on Sunday, May 1st. TD Securities reissued a “buy” rating on shares of Celadon Group in a report on Sunday, May 1st. Deutsche Bank AG reissued a “sell” rating on shares of Celadon Group in a report on Sunday, May 1st. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Celadon Group in a report on Sunday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.86.

The firm has a market capitalization of $192.46 million and a price-to-earnings ratio of 5.44. The stock’s 50-day moving average is $8.01 and its 200 day moving average is $9.26.

An institutional investor recently raised its position in Celadon Group stock. First Trust Advisors LP raised its stake in shares of Celadon Group Inc. (NYSE:CGI) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 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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