Celadon Group, Inc. (CGI) Given Average Recommendation of “Buy” by Analysts

Celadon Group, Inc. (NYSE:CGI) has been given an average rating of “Buy” by the six research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $12.00.

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

Shares of Celadon Group (NYSE:CGI) opened at $6.60 on Thursday. Celadon Group has a 1 year low of $1.30 and a 1 year high of $9.75. The stock has a market cap of $186.77, a price-to-earnings ratio of 33.00 and a beta of 1.87.

Hedge funds have recently modified their holdings of the company. TIAA CREF Investment Management LLC boosted its holdings in Celadon Group by 15.5% in the 1st quarter. TIAA CREF Investment Management LLC now owns 250,824 shares of the transportation company’s stock worth $1,643,000 after buying an additional 33,577 shares during the period. California Public Employees Retirement System boosted its holdings in Celadon Group by 26.4% in the 1st quarter. California Public Employees Retirement System now owns 70,800 shares of the transportation company’s stock worth $464,000 after buying an additional 14,800 shares during the period. Vanguard Group Inc. boosted its holdings in Celadon Group by 11.4% in the 1st quarter. Vanguard Group Inc. now owns 1,530,402 shares of the transportation company’s stock worth $10,024,000 after buying an additional 156,262 shares during the period. Geode Capital Management LLC boosted its holdings in Celadon Group by 3.0% in the 1st quarter. Geode Capital Management LLC now owns 223,626 shares of the transportation company’s stock worth $1,464,000 after buying an additional 6,410 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Celadon Group by 18.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,334 shares of the transportation company’s stock worth $14,700,000 after buying an additional 341,936 shares during the period. 85.19% of the stock is owned by hedge funds and other institutional investors.

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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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