Celadon Group, Inc. (CGI) Given Consensus Rating of “Buy” by Brokerages

Celadon Group, Inc. (NYSE:CGI) has received a consensus rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $12.00.

Separately, ValuEngine upgraded shares of Celadon Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st.

A number of hedge funds have recently modified their holdings of CGI. Thrivent Financial For Lutherans raised its stake in Celadon Group by 4.7% during the first quarter. Thrivent Financial For Lutherans now owns 15,910 shares of the transportation company’s stock worth $104,000 after purchasing an additional 720 shares during the period. Marshall Wace North America L.P. purchased a new position in Celadon Group during the second quarter worth about $121,000. Metropolitan Life Insurance Co. NY raised its stake in 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 worth $137,000 after purchasing an additional 4,212 shares during the period. Callahan Advisors LLC purchased a new position in Celadon Group during the third quarter worth about $145,000. Finally, Trexquant Investment LP purchased a new position in Celadon Group during the third quarter worth about $163,000. 82.02% of the stock is currently owned by institutional investors.

Celadon Group (NYSE CGI) opened at $7.45 on Friday. The firm has a market cap of $210.83, a PE ratio of 37.25 and a beta of 1.86. Celadon Group has a 52-week low of $1.30 and a 52-week high of $9.75.

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About Celadon Group

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.

Analyst Recommendations for Celadon Group (NYSE:CGI)

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