Wunderlich Increases Celadon Group Price Target to $26.00 (CGI)
Research analysts at Wunderlich boosted their price target on shares of Celadon Group (NYSE:CGI) from $23.00 to $26.00 in a report released on Wednesday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price target would suggest a potential upside of 21.50% from the stock’s previous close.
Shares of Celadon Group (NYSE:CGI) opened at 21.40 on Wednesday. Celadon Group has a 1-year low of $16.29 and a 1-year high of $22.04. The stock’s 50-day moving average is $20.36 and its 200-day moving average is $19.21. The company has a market cap of $492.1 million and a price-to-earnings ratio of 21.79.
Celadon Group (NYSE:CGI) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.22 earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that Celadon Group will post $1.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 18th. Shareholders 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 0.37%. The ex-dividend date is Wednesday, April 2nd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Aegis reiterated a “buy” rating on shares of Celadon Group in a research note on Monday, February 10th. Separately, analysts at Sidoti downgraded shares of Celadon Group from a “buy” rating to a “neutral” rating in a research note on Friday, January 24th. Finally, analysts at Zacks downgraded shares of Celadon Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 21st. They now have a $19.10 price target on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.30.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
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