Analysts Set Celadon Group, Inc. (CGI) Price Target at $25.50
Shares of Celadon Group, Inc. (NYSE:CGI) have been given a consensus recommendation of “Buy” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $25.50.
Several research analysts have recently issued reports on CGI shares. Aegis reiterated a “buy” rating and issued a $15.00 target price on shares of Celadon Group in a research note on Tuesday, July 4th. ValuEngine upgraded shares of Celadon Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CGI. Thrivent Financial For Lutherans raised its holdings in shares of Celadon Group by 4.7% during the first quarter. Thrivent Financial For Lutherans now owns 15,910 shares of the transportation company’s stock valued at $104,000 after purchasing an additional 720 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Celadon Group during the second quarter valued at approximately $121,000. Comerica Bank raised its holdings in shares of Celadon Group by 5.9% during the first quarter. Comerica Bank now owns 31,020 shares of the transportation company’s stock valued at $126,000 after purchasing an additional 1,732 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Celadon Group by 25.2% during the first quarter. Metropolitan Life Insurance Co. NY now owns 20,920 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 4,212 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its holdings in shares of Celadon Group by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 25,571 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 3,859 shares during the last quarter. 85.28% of the stock is owned by hedge funds and other institutional investors.
Celadon Group (CGI) traded up 8.93% during midday trading on Wednesday, reaching $6.10. 560,232 shares of the company’s stock traded hands. The firm’s 50-day moving average is $5.82 and its 200 day moving average is $4.07. Celadon Group has a 52-week low of $1.30 and a 52-week high of $9.75. The firm has a market cap of $168.66 million, a PE ratio of 70.93 and a beta of 1.76.
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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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