Celadon Group, Inc. (CGI) Lifted to Outperform at Credit Suisse Group AG

Credit Suisse Group AG upgraded shares of Celadon Group, Inc. (NYSE:CGI) to an outperform rating in a report released on Friday morning, StockTargetPrices.com reports.

Several other research analysts have also recently commented on CGI. Seaport Global Securities raised shares of Celadon Group from a neutral rating to a buy rating and set a $11.00 target price on the stock in a report on Thursday, January 12th. Zacks Investment Research cut shares of Celadon Group from a hold rating to a sell rating in a research note on Tuesday, February 7th. Stifel Nicolaus raised shares of Celadon Group from a sell rating to a hold rating and lifted their price objective for the company from $5.50 to $10.00 in a research note on Friday, February 10th. Aegis started coverage on shares of Celadon Group in a research note on Thursday, March 2nd. They issued a buy rating and a $15.00 price objective on the stock. Finally, Argus started coverage on shares of Celadon Group in a research note on Thursday, March 2nd. They issued a buy rating on the stock. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $18.65.

Analyst Recommendations for Celadon Group (NYSE:CGI)

Shares of Celadon Group (NYSE:CGI) opened at 2.00 on Friday. The stock has a 50 day moving average price of $4.00 and a 200 day moving average price of $6.93. Celadon Group has a 1-year low of $1.30 and a 1-year high of $12.03. The company has a market capitalization of $55.30 million, a price-to-earnings ratio of 23.26 and a beta of 1.40.

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Several institutional investors have recently modified their holdings of the company. First Trust Advisors LP raised its position in shares of Celadon Group by 5.3% in the third quarter. First Trust Advisors LP now owns 15,010 shares of the transportation company’s stock worth $131,000 after buying an additional 758 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Celadon Group by 8.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,190 shares of the transportation company’s stock worth $109,000 after buying an additional 1,190 shares during the period. Thrivent Financial For Lutherans raised its position in shares of Celadon Group by 4.7% in the first quarter. Thrivent Financial For Lutherans now owns 15,910 shares of the transportation company’s stock worth $104,000 after buying an additional 720 shares during the period. Alambic Investment Management L.P. acquired a new position in shares of Celadon Group during the first quarter worth approximately $130,000. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of 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 worth $137,000 after buying an additional 4,212 shares during the period. 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.

5 Day Chart for NYSE:CGI

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