Celadon Group Inc. (CGI) Trading 1.5% Higher
Celadon Group Inc. (NYSE:CGI)’s share price traded up 1.5% on Friday . The company traded as high as $8.83 and last traded at $8.78, with a volume of 154,675 shares traded. The stock had previously closed at $8.65.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Celadon Group from a “sell” rating to a “hold” rating in a research note on Monday, May 2nd. Credit Suisse Group AG reaffirmed an “outperform” rating on shares of Celadon Group in a research note on Sunday, May 1st. Desjardins raised shares of Celadon Group from a “hold” rating to a “buy” rating in a research note on Friday, May 27th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Celadon Group in a research note on Sunday, May 1st. Finally, TD Securities reaffirmed a “buy” rating on shares of Celadon Group in a research note on Sunday, May 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned 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 stock has a market cap of $242.16 million and a P/E ratio of 6.84. The stock has a 50 day moving average of $9.29 and a 200-day moving average of $9.31.
Celadon Group (NYSE:CGI) last posted its earnings results on Wednesday, April 27th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The company earned $259.60 million during the quarter, compared to the consensus estimate of $262.10 million. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. Equities analysts predict that Celadon Group Inc. will post $1.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 22nd. Investors of record on Friday, July 8th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Wednesday, July 6th.
Other large investors recently modified their holdings of the company. Buckhead Capital Management LLC boosted its stake in shares of Celadon Group by 79.5% in the fourth quarter. Buckhead Capital Management LLC now owns 134,631 shares of the company’s stock worth $1,332,000 after buying an additional 59,624 shares in the last quarter. First Trust Advisors LP boosted its stake 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 boosted its stake in shares of Celadon Group by 164,905.0% in the fourth quarter. Bank of Montreal Can now owns 495,015 shares of the company’s stock worth $4,896,000 after buying an additional 494,715 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Celadon Group by 18.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,649,832 shares of the company’s stock worth $16,317,000 after buying an additional 258,505 shares in 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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