Celadon Group Rating Lowered to Underperform at Zacks (CGI)
Celadon Group (NYSE:CGI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Wednesday, AnalystRatings.Net reports. They currently have a $16.30 price objective on the stock. Zacks‘ price objective suggests a potential downside of 5.23% from the stock’s previous close.
Celadon Group (NYSE:CGI) traded down 1.80% during mid-day trading on Wednesday, hitting $16.89. 206,363 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 $18.40 and its 200-day moving average is $18.81. The company has a market cap of $385.7 million and a P/E ratio of 14.70.
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.
In other Celadon Group news, Chairman Stephen Russell sold 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 transaction of $574,872.59. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank downgraded shares of Celadon Group 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 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 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $23.26.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
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