Insider Selling: Stephen Russell Sells 31,091 Shares of Celadon Group Stock (CGI)
Celadon Group (NYSE:CGI) Chairman Stephen Russell unloaded 31,091 shares of the stock on the open market in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $18.49, for a total value of $574,872.59. Following the transaction, the chairman now directly owns 766,890 shares of the company’s stock, valued at approximately $14,179,796. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
CGI has been the subject of a number of recent research reports. Analysts at Deutsche Bank downgraded shares of Celadon Group (NYSE:CGI) from a “hold” rating to a “sell” rating in a research note to investors on Tuesday, September 3rd. They now have a $24.00 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of Celadon Group (NYSE:CGI) from $21.00 to $23.00 in a research note to investors on Thursday, August 1st. Finally, analysts at Raymond James downgraded shares of Celadon Group (NYSE:CGI) from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, July 29th. They now have a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Celadon Group currently has a consensus rating of “Hold” and a consensus price target of $24.13.
Shares of Celadon Group (NYSE:CGI) traded up 1.12% during mid-day trading on Friday, hitting $18.06. 507,355 shares of the company’s stock traded hands. Celadon Group has a one year low of $15.52 and a one year high of $21.99. The stock’s 50-day moving average is $18.43 and its 200-day moving average is $18.88. The company has a market cap of $412.4 million and a P/E ratio of 15.26.
Celadon Group (NYSE:CGI) last released its earnings data on Monday, July 29th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.01. The company had revenue of $162.60 million for the quarter, compared to the consensus estimate of $159.40 million. During the same quarter last year, the company posted $0.39 earnings per share. Celadon Group’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Celadon Group will post $1.32 earnings per share for the current fiscal year.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
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