Celadon Group, Inc. (NYSE:CGI) Given Buy Rating at Aegis

Aegis reissued their buy rating on shares of Celadon Group, Inc. (NYSE:CGI) in a research note issued to investors on Tuesday, StockTargetPrices.com reports. They currently have a $15.00 price objective on the transportation company’s stock.

Several other brokerages have also recently weighed in on CGI. Zacks Investment Research cut shares of Celadon Group from a buy rating to a hold rating in a research report on Friday, April 21st. ValuEngine cut shares of Celadon Group from a hold rating to a sell rating in a research report on Friday, June 9th. Finally, Credit Suisse Group raised shares of Celadon Group to an outperform rating in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $18.65.

Shares of Celadon Group (NYSE:CGI) opened at 2.775 on Tuesday. The firm has a market cap of $76.73 million, a P/E ratio of 32.267 and a beta of 1.64. Celadon Group has a 52-week low of $1.30 and a 52-week high of $9.75. The company has a 50 day moving average price of $2.41 and a 200-day moving average price of $5.87.

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Large investors have recently bought and sold shares of the stock. Prudential Financial Inc. raised its stake in Celadon Group by 0.8% in the first quarter. Prudential Financial Inc. now owns 47,241 shares of the transportation company’s stock valued at $309,000 after buying an additional 380 shares during the period. Thrivent Financial For Lutherans raised its stake in Celadon Group by 4.7% in the first quarter. Thrivent Financial For Lutherans now owns 15,910 shares of the transportation company’s stock valued at $104,000 after buying an additional 720 shares during the period. Thrivent Financial for Lutherans raised its stake in Celadon Group by 8.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,190 shares of the transportation company’s stock valued at $109,000 after buying an additional 1,190 shares during the period. Comerica Bank raised its stake in Celadon Group by 5.1% in the fourth quarter. Comerica Bank now owns 29,288 shares of the transportation company’s stock valued at $277,000 after buying an additional 1,412 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Celadon Group by 3.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 76,567 shares of the transportation company’s stock valued at $502,000 after buying an additional 2,907 shares during the period. Hedge funds and other institutional investors own 98.92% of the company’s stock.

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.

Stock Target Prices

Analyst Recommendations for Celadon Group (NYSE:CGI)

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