Other research analysts have also recently issued reports about the stock. Stifel Nicolaus cut shares of Celadon Group from a buy rating to a hold rating in a report on Friday, June 24th. Zacks Investment Research cut shares of Celadon Group from a hold rating to a sell rating in a report on Wednesday, June 29th. Avondale Partners upgraded shares of Celadon Group from a market perform rating to an outperform rating and set a $11.30 price target on the stock in a report on Wednesday, August 31st. Finally, Royal Bank Of Canada restated an outperform rating on shares of Celadon Group in a report on Wednesday, June 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $28.79.
Celadon Group (NYSE:CGI) opened at 8.41 on Monday. The company has a 50-day moving average of $7.86 and a 200-day moving average of $9.04. Celadon Group has a 52 week low of $6.19 and a 52 week high of $16.96. The firm has a market capitalization of $232.23 million, a price-to-earnings ratio of 9.56 and a beta of 1.67.
Celadon Group (NYSE:CGI) last posted its quarterly earnings results on Thursday, September 1st. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.13. Celadon Group had a return on equity of 6.63% and a net margin of 2.33%. On average, equities analysts forecast that Celadon Group will post $0.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, October 5th. Celadon Group’s dividend payout ratio (DPR) is currently 8.89%.
Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP raised its stake 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 period. Prudential Financial Inc. raised its stake 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 period. Kennedy Capital Management Inc. raised its stake 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 period. Frontier Capital Management Co. LLC raised its stake 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 period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Celadon Group during the first quarter valued at about $1,086,000. 90.36% of the stock is currently owned by institutional investors.
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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