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.
TRADEMARK VIOLATION NOTICE: This news story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/12/celadon-group-inc-cgi-given-consensus-rating-of-buy-by-brokerages.html.
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.
Receive News & Ratings for Celadon Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celadon Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.