Shares of Celadon Group, Inc. (NYSE:CGI) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $22.60.

A number of analysts recently commented on the stock. Aegis restated a “buy” rating and set a $15.00 price target on shares of Celadon Group in a research note on Thursday, April 6th. Zacks Investment Research raised shares of Celadon Group from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a report on Friday, April 7th. Credit Suisse Group raised shares of Celadon Group to an “outperform” rating in a report on Friday, May 12th. Finally, ValuEngine raised shares of Celadon Group from a “sell” rating to a “hold” rating in a report on Thursday, May 11th.

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Celadon Group (CGI) opened at 2.80 on Monday. The company has a market capitalization of $77.42 million, a PE ratio of 32.56 and a beta of 1.64. The stock’s 50 day moving average is $2.41 and its 200 day moving average is $5.87. Celadon Group has a one year low of $1.30 and a one year high of $9.75.

Several institutional investors have recently modified their holdings of CGI. Prudential Financial Inc. raised its position in shares of Celadon Group by 0.8% in the first quarter. Prudential Financial Inc. now owns 47,241 shares of the transportation company’s stock worth $309,000 after buying an additional 380 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of Celadon Group by 4.7% in the first quarter. Thrivent Financial For Lutherans now owns 15,910 shares of the transportation company’s stock worth $104,000 after buying an additional 720 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Celadon Group by 8.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,190 shares of the transportation company’s stock worth $109,000 after buying an additional 1,190 shares during the last quarter. Comerica Bank raised its position in shares of Celadon Group by 5.1% in the fourth quarter. Comerica Bank now owns 29,288 shares of the transportation company’s stock worth $277,000 after buying an additional 1,412 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Celadon Group by 3.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 76,567 shares of the transportation company’s stock worth $502,000 after buying an additional 2,907 shares during the last quarter. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

Celadon Group Company Profile

Celadon Group, Inc (Celadon) is a truckload freight transportation provider. The Company’s segments are asset-based, asset-light, and equipment leasing and services. Its services involve point-to-point shipping for its customers within the United States, between the United States and Mexico, and between the United States and Canada.

Analyst Recommendations for Celadon Group (NYSE:CGI)

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