Celadon Group Inc. Reaches New 12-Month High at $22.04 (CGI)
Shares of Celadon Group (NYSE:CGI) hit a new 52-week high during trading on Wednesday, AmericanBankingNews.com reports. The stock traded as high as $22.04 and last traded at $21.60, with a volume of 364,288 shares trading hands. The stock had previously closed at $21.29.
A number of analysts have recently weighed in on CGI shares. Analysts at Sidoti downgraded shares of Celadon Group from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 24th. Separately, analysts at Zacks downgraded shares of Celadon Group from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, January 21st. They now have a $19.10 price target on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of Celadon Group from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, January 14th. They now have a $19.00 price target on the stock, down previously from $22.00. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.87.
Celadon Group has a 1-year low of $16.29 and a 1-year high of $21.99. The stock has a 50-day moving average of $19.87 and a 200-day moving average of $19.13. The company has a market cap of $503.5 million and a price-to-earnings ratio of 21.48.
Celadon Group (NYSE:CGI) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.03. The company had revenue of $193.60 million for the quarter, compared to the consensus estimate of $182.17 million. Analysts expect that Celadon Group will post $1.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 18th. Stockholders of record on Friday, April 4th will be paid a dividend of 0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Wednesday, April 2nd.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
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