Celadon Group, Inc. (CGI) Upgraded by Stifel Nicolaus to “Hold”

Celadon Group, Inc. (CGI) Upgraded by Stifel Nicolaus to “Hold”

Celadon Group, Inc. (NYSE:CGI) was upgraded by analysts at Stifel Nicolaus from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

CGI has been the topic of several other reports. Societe Generale reissued a “hold” rating on shares of Celadon Group in a research report on Friday, November 11th. Seaport Global Securities raised Celadon Group from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, January 12th. Avondale Partners downgraded Celadon Group from an “outperform” rating to a “market perform” rating in a research report on Friday, November 4th. Goldman Sachs Group, Inc. (The) cut their target price on Celadon Group from $68.00 to $66.00 in a research report on Monday, November 7th. Finally, Zacks Investment Research raised Celadon Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.54.

Celadon Group (NYSE:CGI) opened at 7.50 on Friday. The company has a market cap of $207.29 million, a price-to-earnings ratio of 41.21 and a beta of 1.40. Celadon Group has a 12 month low of $4.85 and a 12 month high of $12.03. The stock has a 50 day moving average price of $8.22 and a 200 day moving average price of $7.84.

Celadon Group (NYSE:CGI) last issued its quarterly earnings results on Wednesday, February 1st. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. The business had revenue of $265.70 million for the quarter, compared to the consensus estimate of $260.21 million. Celadon Group had a return on equity of 1.41% and a net margin of 0.50%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. Analysts anticipate that Celadon Group will post $0.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 21st. Stockholders of record on Friday, April 7th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, April 5th. Celadon Group’s payout ratio is currently 40.00%.

Large investors have recently bought and sold shares of the company. Scout Investments Inc. raised its stake in Celadon Group by 0.5% in the third quarter. Scout Investments Inc. now owns 140,975 shares of the company’s stock valued at $1,232,000 after buying an additional 650 shares during the last quarter. First Trust Advisors LP raised its stake in Celadon Group by 5.3% in the third quarter. First Trust Advisors LP now owns 15,010 shares of the company’s stock valued at $131,000 after buying an additional 758 shares during the last quarter. Comerica Bank raised its stake in Celadon Group by 5.1% in the fourth quarter. Comerica Bank now owns 29,288 shares of the company’s stock valued at $277,000 after buying an additional 1,412 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake 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. Finally, Royal Bank of Canada raised its stake 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. 98.92% of the stock is currently owned by institutional investors and hedge funds.

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.

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