Celadon Group Receives Average Recommendation of “Hold” from Analysts (NYSE:CGI)
Celadon Group (NYSE:CGI) has received an average recommendation of “Hold” from the eleven analysts that are covering the stock, Analyst Ratings Net reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $24.00.
Shares of Celadon Group (NYSE:CGI) opened at 23.47 on Wednesday. Celadon Group has a 52 week low of $16.63 and a 52 week high of $24.69. The stock’s 50-day moving average is $22.5 and its 200-day moving average is $21.78. The company has a market cap of $542.2 million and a price-to-earnings ratio of 24.73.
Celadon Group (NYSE:CGI) last released its earnings data on Tuesday, April 29th. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 29.1% on a year-over-year basis. Analysts expect that Celadon Group will post $0.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 18th. Investors 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.
A number of analysts have recently weighed in on CGI shares. Analysts at TheStreet downgraded shares of Celadon Group from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Separately, 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. Finally, 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.
In other Celadon Group news, Chairman Stephen Russell sold 94,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $22.99, for a total transaction of $2,161,060.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.