Trading Report: The Celadon Group Inc. (CGI) Given Average Recommendation of “Buy” from Analysts

The Celadon Group Inc. (CGI) Given Average Recommendation of “Buy” from Analysts

Celadon Group Inc. (NYSE:CGI) has received a consensus recommendation of “Buy” from the sixteen ratings firms that are presently covering the firm. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $25.22.

CGI has been the topic of several research analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Celadon Group in a research report on Wednesday, June 22nd. Stifel Nicolaus lowered shares of Celadon Group from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Zacks Investment Research lowered shares of Celadon Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Avondale Partners raised 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 research report on Wednesday, August 31st. Finally, KeyCorp reaffirmed a “buy” rating and set a $11.00 price target on shares of Celadon Group in a research report on Monday, September 26th.

Large investors have recently bought and sold shares of the stock. Arizona State Retirement System increased its stake 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 last quarter. Fifth Third Bancorp increased its stake in 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 during the last quarter. BlackRock Advisors LLC increased its stake in 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 during the last quarter. LPL Financial LLC increased its stake in 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 during the last quarter. Finally, Foundry Partners LLC increased its stake in 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 during the last quarter. Institutional investors own 90.53% of the company’s stock.

Celadon Group (NYSE:CGI) opened at 6.99 on Thursday. The firm has a market capitalization of $193.01 million, a price-to-earnings ratio of 7.94 and a beta of 1.50. Celadon Group has a 12 month low of $6.19 and a 12 month high of $16.59. The stock’s 50 day moving average is $8.28 and its 200-day moving average is $8.82.

Celadon Group (NYSE:CGI) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.13. Celadon Group had a net margin of 2.33% and a return on equity of 6.63%. Equities analysts anticipate that Celadon Group will post $0.67 earnings per share for the current fiscal year.

The business 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 1.14%. Celadon Group’s payout ratio is currently 8.89%.

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