Celadon Group, Inc. (CGI) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Celadon Group, Inc. (NYSE:CGI) have received a consensus rating of “Buy” from the nine research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $25.50.
Several research firms have commented on CGI. ValuEngine raised shares of Celadon Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Aegis reissued a “buy” rating and set a $15.00 target price on shares of Celadon Group in a research report on Tuesday, July 4th.
Several institutional investors have recently bought and sold shares of the business. Boston Partners raised its holdings in shares of Celadon Group by 27.6% in the 2nd quarter. Boston Partners now owns 1,765,250 shares of the transportation company’s stock worth $5,561,000 after purchasing an additional 382,100 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Celadon Group by 18.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,334 shares of the transportation company’s stock worth $14,700,000 after purchasing an additional 341,936 shares during the period. Kennedy Capital Management Inc. raised its holdings in shares of Celadon Group by 58.0% in the 1st quarter. Kennedy Capital Management Inc. now owns 598,261 shares of the transportation company’s stock worth $3,919,000 after purchasing an additional 219,524 shares during the period. Phoenix Investment Adviser LLC raised its holdings in shares of Celadon Group by 538.2% in the 2nd quarter. Phoenix Investment Adviser LLC now owns 255,276 shares of the transportation company’s stock worth $804,000 after purchasing an additional 215,276 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Celadon Group in the 2nd quarter worth approximately $558,000. 85.28% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: This piece of content was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/18/celadon-group-inc-cgi-receives-consensus-recommendation-of-buy-from-analysts.html.
Shares of Celadon Group (NYSE CGI) opened at 5.50 on Wednesday. Celadon Group has a 12-month low of $1.30 and a 12-month high of $9.75. The company has a market cap of $152.07 million, a price-to-earnings ratio of 63.95 and a beta of 1.76. The company’s 50-day moving average price is $5.74 and its 200 day moving average price is $4.07.
About Celadon Group
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.
Receive News & Ratings for Celadon Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celadon Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.