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Celadon Group (NYSE:CGI) was downgraded by investment analysts at TheStreet from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

The analysts wrote, “Celadon Group (CGI) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.”

Other equities research analysts have also recently issued reports about the stock. Analysts at Buckingham Research reiterated a “buy” rating on shares of Celadon Group in a research note on Thursday, May 1st. They now have a $27.00 price target on the stock. Analysts at Cowen and Company raised their price target on shares of Celadon Group from $24.00 to $27.00 in a research note on Thursday, May 1st. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Celadon Group presently has an average rating of “Hold” and an average target price of $24.00.

Celadon Group (NYSE:CGI) traded up 2.05% on Friday, hitting $23.36. The stock had a trading volume of 129,906 shares. Celadon Group has a 1-year low of $16.63 and a 1-year high of $24.69. The stock has a 50-day moving average of $22.53 and a 200-day moving average of $21.57. The company has a market cap of $539.6 million and a P/E ratio of 24.12.

Celadon Group (NYSE:CGI) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.15 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.15. The company had revenue of $193.20 million for the quarter, compared to the consensus estimate of $197.18 million. During the same quarter last year, the company posted $0.19 earnings per share. Celadon Group’s revenue was up 29.1% compared to the same quarter last year. On average, analysts predict that Celadon Group will post $0.98 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, July 18th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Tuesday, July 1st.

Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.

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