Celadon Group Inc. (NYSE:CGI)‘s stock had its “buy” rating restated by equities researchers at KeyCorp in a note issued to investors on Monday. They currently have a $11.00 price objective on the stock. KeyCorp’s target price suggests a potential upside of 30.33% from the stock’s previous close.
CGI has been the topic of several other research reports. Avondale Partners upgraded Celadon Group from a “market perform” rating to an “outperform” rating and set a $11.30 price target on the stock in a research note on Wednesday, August 31st. Zacks Investment Research downgraded Celadon Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 30th. Stifel Nicolaus downgraded Celadon Group from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Celadon Group in a research note on Wednesday, June 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Celadon Group presently has an average rating of “Buy” and a consensus price target of $28.79.
Shares of Celadon Group (NYSE:CGI) opened at 8.44 on Monday. Celadon Group has a 52 week low of $6.19 and a 52 week high of $16.96. The firm has a 50 day moving average price of $7.87 and a 200 day moving average price of $9.03. The company has a market capitalization of $233.05 million, a price-to-earnings ratio of 9.59 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 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.13. Celadon Group had a return on equity of 6.63% and a net margin of 2.33%. Equities analysts forecast that Celadon Group will post $0.69 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.95%. Celadon Group’s dividend payout ratio (DPR) is currently 8.89%.
Institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its position in Celadon Group by 0.7% in the second quarter. Arizona State Retirement System now owns 14,349 shares of the company’s stock worth $117,000 after buying an additional 100 shares during the period. Fifth Third Bancorp boosted its position in shares of Celadon Group by 0.9% in the second quarter. Fifth Third Bancorp now owns 21,441 shares of the company’s stock worth $175,000 after buying an additional 191 shares in the last quarter. BlackRock Advisors LLC boosted its position in shares of Celadon Group by 1.6% in the second quarter. BlackRock Advisors LLC now owns 12,350 shares of the company’s stock worth $101,000 after buying an additional 194 shares in the last quarter. LPL Financial LLC boosted its position in shares of Celadon Group by 0.5% in the first quarter. LPL Financial LLC now owns 81,867 shares of the company’s stock worth $793,000 after buying an additional 403 shares in the last quarter. Finally, Foundry Partners LLC boosted its position in shares of Celadon Group by 0.3% in the second quarter. Foundry Partners LLC now owns 411,585 shares of the company’s stock worth $3,363,000 after buying an additional 1,150 shares in the last quarter. Hedge funds and other institutional investors own 90.36% of the company’s stock.
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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