Celadon Group Inc. (CGI) Rating Reiterated by Societe Generale
Celadon Group Inc. (NYSE:CGI)‘s stock had its “hold” rating reaffirmed by Societe Generale in a report issued on Friday.
Other research analysts also recently issued research reports about the company. Goldman Sachs Group Inc. lowered their target price on Celadon Group from $68.00 to $66.00 in a report on Monday, November 7th. KeyCorp restated a “buy” rating and issued a $11.00 price target on shares of Celadon Group in a research report on Monday, September 26th. Zacks Investment Research upgraded Celadon Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 23rd. Finally, Avondale Partners cut Celadon Group from an “outperform” rating to a “market perform” rating in a research report on Friday, November 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $28.91.
Shares of Celadon Group (NYSE:CGI) opened at 7.35 on Friday. The company has a 50-day moving average price of $7.28 and a 200-day moving average price of $8.38. Celadon Group has a 52-week low of $4.85 and a 52-week high of $14.23. The company has a market cap of $202.96 million, a P/E ratio of 19.60 and a beta of 1.45.
Celadon Group (NYSE:CGI) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.18. Celadon Group had a net margin of 1.00% and a return on equity of 2.83%. The firm earned $265 million during the quarter, compared to the consensus estimate of $260.85 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue was down .4% compared to the same quarter last year. On average, equities analysts predict that Celadon Group will post $0.15 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Shareholders of record on Friday, January 6th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, January 4th. Celadon Group’s dividend payout ratio is presently 20.51%.
Institutional investors have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. purchased a new position in Celadon Group during the second quarter valued at $3,583,000. Wellington Management Group LLP boosted its position in Celadon Group by 13.3% in the first quarter. Wellington Management Group LLP now owns 2,476,302 shares of the company’s stock valued at $25,951,000 after buying an additional 291,369 shares in the last quarter. Citadel Advisors LLC purchased a new position in Celadon Group during the third quarter valued at $2,459,000. Boston Partners boosted its position in Celadon Group by 58.7% in the third quarter. Boston Partners now owns 636,246 shares of the company’s stock valued at $5,561,000 after buying an additional 235,236 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its position in Celadon Group by 14.7% in the second quarter. Frontier Capital Management Co. LLC now owns 1,721,300 shares of the company’s stock valued at $14,063,000 after buying an additional 220,412 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.
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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