Celadon Group Receives Average Rating of “Hold” from Brokerages (NYSE:CGI)
Shares of Celadon Group (NYSE:CGI) have been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the company, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $25.57.
Shares of Celadon Group (NYSE:CGI) traded up 0.96% on Tuesday, hitting $21.14. 9,757 shares of the company’s stock traded hands. 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 $21.60 and its 200-day moving average is $22.38. The company has a market cap of $488.9 million and a price-to-earnings ratio of 16.23.
Celadon Group (NYSE:CGI) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. Analysts expect that Celadon Group will post $1.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 17th. Investors 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 0.38%. The ex-dividend date of this dividend is Wednesday, October 1st.
In other Celadon Group news, Insider Jonathan Scott Russell unloaded 57,018 shares of Celadon Group stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $21.42, for a total transaction of $1,221,325.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on CGI shares. Analysts at Stephens downgraded shares of Celadon Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, August 13th. They now have a $24.00 price target on the stock, down previously from $27.00. 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.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
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