Celadon Group Reaches New 1-Year High at $22.22 (CGI)
Shares of Celadon Group (NYSE:CGI) hit a new 52-week high during mid-day trading on Friday , Analyst Ratings News reports. The company traded as high as $22.22 and last traded at $21.95, with a volume of 76,605 shares traded. The stock had previously closed at $21.65.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Celadon Group from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, analysts at Wunderlich raised their price target on shares of Celadon Group from $23.00 to $26.00 in a research note on Wednesday. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Celadon Group presently has a consensus rating of “Hold” and a consensus target price of $21.67.
The stock has a 50-day moving average of $20. and a 200-day moving average of $19.25. The company has a market cap of $504.5 million and a price-to-earnings ratio of 21.85.
Celadon Group (NYSE:CGI) last released its earnings data on Friday, January 31st. The company reported $0.22 earnings per share for the quarter, missing the analysts’ 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 $1.07 EPS 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.
In other Celadon Group news, Director Anthony Heyworth sold 9,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $21.28, for a total transaction of $191,520.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
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