Celadon Group Stock Rating Lowered by Stephens (CGI)
Celadon Group (NYSE:CGI) was downgraded by Stephens from an “overweight” rating to an “equal weight” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus upgraded shares of Celadon Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 8th. They now have a $26.00 price target on the stock. They noted that the move was a valuation call. Analysts at TheStreet downgraded shares of Celadon Group from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Celadon Group currently has an average rating of “Hold” and a consensus target price of $25.83.
Shares of Celadon Group (NYSE:CGI) opened at 21.50 on Wednesday. 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 $21.74 and a 200-day moving average of $22.33. The company has a market cap of $497.2 million and a P/E ratio of 16.66.
Celadon Group (NYSE:CGI) last announced its earnings results on Wednesday, August 6th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.03. The company had revenue of $197.40 million for the quarter, compared to the consensus estimate of $202.69 million. During the same quarter last year, the company posted $0.31 earnings per share. Celadon Group’s revenue was up 21.4% compared to the same quarter last year. On average, analysts predict that Celadon Group will post $1.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 17th. Shareholders of record on Friday, October 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 0.37%. The ex-dividend date of this dividend is Wednesday, October 1st.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
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