Celadon Group Inc. (CGI) Receives $34.33 Consensus Price Target from Analysts
Celadon Group Inc. (NYSE:CGI) has earned an average rating of “Buy” from the sixteen analysts that are covering the firm. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $34.33.
A number of equities research analysts have recently weighed in on CGI shares. Goldman Sachs Group Inc. cut their target price on shares of Celadon Group from $68.00 to $66.00 in a research note on Monday, November 7th. KeyCorp reaffirmed a “buy” rating and set a $11.00 target price on shares of Celadon Group in a research note on Monday, September 26th. Societe Generale reaffirmed a “hold” rating on shares of Celadon Group in a research note on Friday, November 11th. Zacks Investment Research raised shares of Celadon Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Finally, Avondale Partners lowered shares of Celadon Group from an “outperform” rating to a “market perform” rating in a research note on Friday, November 4th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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 during the last quarter. Prudential Financial Inc. boosted its position in Celadon Group by 35.6% in the first quarter. Prudential Financial Inc. now owns 87,251 shares of the company’s stock valued at $914,000 after buying an additional 22,900 shares during the last quarter. Kennedy Capital Management Inc. boosted its position in Celadon Group by 52.4% in the first quarter. Kennedy Capital Management Inc. now owns 151,983 shares of the company’s stock valued at $1,593,000 after buying an additional 52,279 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Celadon Group during the first quarter valued at $1,086,000. 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 during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.
Shares of Celadon Group (NYSE:CGI) opened at 7.90 on Thursday. The firm has a 50-day moving average of $7.28 and a 200 day moving average of $8.38. Celadon Group has a 1-year low of $4.85 and a 1-year high of $14.23. The stock has a market cap of $218.15 million, a price-to-earnings ratio of 21.07 and a beta of 1.45.
Celadon Group (NYSE:CGI) last announced 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. The company had revenue of $265 million for the quarter, compared to the consensus estimate of $260.85 million. Celadon Group had a net margin of 1.00% and a return on equity of 2.83%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. Equities research analysts forecast that Celadon Group will post $0.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 20th. Stockholders of record on Friday, January 6th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, January 4th. This represents a $0.08 annualized dividend and a dividend yield of 1.01%. Celadon Group’s dividend payout ratio is presently 20.51%.
About Celadon Group
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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