Celadon Group Inc. (CGI) Given Consensus Recommendation of “Buy” by Analysts
Celadon Group Inc. (NYSE:CGI) has been given a consensus recommendation of “Buy” by the sixteen research firms that are currently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $25.22.
Several brokerages have recently commented on CGI. KeyCorp reaffirmed a “buy” rating and set a $11.00 target price on shares of Celadon Group in a report on Monday, September 26th. Avondale Partners raised Celadon Group from a “market perform” rating to an “outperform” rating and set a $11.30 target price for the company in a report on Wednesday, August 31st. Zacks Investment Research downgraded Celadon Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 30th. Stifel Nicolaus downgraded Celadon Group from a “buy” rating to a “hold” rating in a report on Friday, June 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Celadon Group in a report on Wednesday, June 22nd.
Celadon Group (NYSE:CGI) traded down 3.013% during mid-day trading on Thursday, reaching $7.565. The company’s stock had a trading volume of 353,612 shares. The firm has a 50-day moving average of $8.29 and a 200 day moving average of $8.91. The firm has a market capitalization of $208.89 million, a price-to-earnings ratio of 8.597 and a beta of 1.50. Celadon Group has a 1-year low of $6.19 and a 1-year high of $16.59.
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Celadon Group (NYSE:CGI) last announced its earnings results on Thursday, September 1st. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.19 by $0.13. Celadon Group had a net margin of 2.33% and a return on equity of 6.63%. Equities analysts expect that Celadon Group will post $0.67 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, October 5th. Celadon Group’s payout ratio is 8.89%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Foundry Partners LLC raised its position in Celadon Group by 13.2% in the third quarter. Foundry Partners LLC now owns 465,865 shares of the company’s stock valued at $4,072,000 after buying an additional 54,280 shares during the last quarter. Royal Bank of Canada raised its position in Celadon Group by 3.1% in the second quarter. Royal Bank of Canada now owns 50,300 shares of the company’s stock valued at $410,000 after buying an additional 1,500 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Celadon Group by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 91,588 shares of the company’s stock valued at $749,000 after buying an additional 1,428 shares during the last quarter. Stifel Financial Corp acquired a new position in Celadon Group during the second quarter valued at $126,000. Finally, Arizona State Retirement System raised its position in Celadon Group by 0.7% in the second quarter. Arizona State Retirement System now owns 14,349 shares of the company’s stock valued at $117,000 after buying an additional 100 shares during the last quarter. 90.36% of the stock is currently owned by hedge funds and other institutional investors.
Celadon Group Company Profile
Celadon Group, Inc (Celadon) provides truckload freight transportation. The Company operates through two segments: asset based and asset light. The asset based segment offers services, such as United States domestic dry van, refrigerated, and flatbed service; cross-border service between the United States and each of Mexico and Canada; intra-Mexico and intra-Canada service; dedicated contract service; regional and specialized short haul service, and rail intermodal service.
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