Celadon Group, Inc. (NYSE:CGI) Stock Rating Reaffirmed by Aegis

Aegis reaffirmed their buy rating on shares of Celadon Group, Inc. (NYSE:CGI) in a research note published on Tuesday, July 4th, StockTargetPrices.com reports. Aegis currently has a $15.00 price objective on the transportation company’s stock.

Several other equities research analysts also recently issued reports on the stock. Credit Suisse Group raised shares of Celadon Group to an outperform rating in a report on Friday, May 12th. ValuEngine raised shares of Celadon Group from a sell rating to a hold rating in a report on Thursday, May 11th. Finally, Zacks Investment Research raised shares of Celadon Group from a hold rating to a buy rating and set a $6.25 target price on the stock in a report on Friday, April 7th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $18.65.

Celadon Group (NYSE:CGI) opened at 4.70 on Tuesday. The firm has a 50-day moving average price of $3.21 and a 200-day moving average price of $5.24. Celadon Group has a one year low of $1.30 and a one year high of $9.75. The stock has a market cap of $129.95 million, a price-to-earnings ratio of 54.65 and a beta of 1.64.

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Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in Celadon Group by 51.0% in the first quarter. Goldman Sachs Group Inc. now owns 77,083 shares of the transportation company’s stock valued at $505,000 after buying an additional 26,039 shares during the period. Credit Suisse AG increased its stake in Celadon Group by 14.9% in the first quarter. Credit Suisse AG now owns 52,737 shares of the transportation company’s stock valued at $345,000 after buying an additional 6,835 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Celadon Group by 25.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 20,920 shares of the transportation company’s stock valued at $137,000 after buying an additional 4,212 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in Celadon Group during the first quarter valued at approximately $480,000. Finally, Bank of America Corp DE increased its stake in Celadon Group by 48.4% in the first quarter. Bank of America Corp DE now owns 63,082 shares of the transportation company’s stock valued at $414,000 after buying an additional 20,565 shares during the last quarter.

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.

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Analyst Recommendations for Celadon Group (NYSE:CGI)

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