Celadon Group Inc. (CGI) Shares Up 4.4%
Celadon Group Inc. (NYSE:CGI)’s share price shot up 4.4% during mid-day trading on Thursday . The stock traded as high as $7.17 and last traded at $7.15, with a volume of 439,875 shares trading hands. The stock had previously closed at $6.85.
CGI has been the topic of several research analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Celadon Group in a report on Wednesday, June 22nd. Deutsche Bank AG reissued a “sell” rating on shares of Celadon Group in a report on Sunday, May 1st. Goldman Sachs Group Inc. reissued a “neutral” rating on shares of Celadon Group in a report on Sunday, May 1st. Zacks Investment Research raised Celadon Group from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Finally, Credit Suisse Group AG 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 assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $31.86.
The company has a 50 day moving average of $7.97 and a 200-day moving average of $9.24. The company has a market capitalization of $197.43 million and a PE ratio of 5.58.
An institutional investor recently raised its position in Celadon Group stock. First Trust Advisors LP increased its stake in Celadon Group Inc. (NYSE:CGI) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,927 shares of the company’s stock after buying an additional 3,003 shares during the period. First Trust Advisors LP owned about 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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