Celadon Group (CGI) was Reiterated by Cowen to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 17 from a previous price target of $15 . Cowen advised their investors in a research report released on Apr 29, 2016.
On the company’s financial health, Celadon Group reported $0.19 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.19. The company had revenue of $259.60 million for the quarter, compared to analysts expectations of $261.33 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.
Celadon Group opened for trading at $10.01 and hit $10.28 on the upside on Wednesday, eventually ending the session at $10.25, with a gain of 3.02% or 0.3 points. The heightened volatility saw the trading volume jump to 2,64,930 shares. Company has a market cap of $286 M.
In a different news, on Sep 1, 2015, Stephen Russell (director) sold 47,634 shares at $19.31 per share price. According to the SEC, on Mar 6, 2015, Paul Will (President & CEO) sold 71,000 shares at $24.99 per share price. On Feb 25, 2015, Michael Miller (director) sold 4,422 shares at $25.92 per share price, according to the Form-4 filing with the securities and exchange commission.
Celadon Group Inc. (Celadon) provides truckload freight transportation. The Company operates through two segments: asset based and asset light. The asset based segment offers services such as United States domestic dry van refrigerated and flatbed service; cross-border service between the United States and each of Mexico and Canada; intra-Mexico and intra-Canada service; dedicated contract service; regional and specialized short haul service and rail intermodal service. In addition through its Quality Companies subsidiaries it provides tractor leasing and ancillary services to owner-operators. The asset light segment offers services including freight brokerage warehousing and less-than truckload consolidation. It also includes supply chain logistics services. Celadon provides warehousing and dedicated trucking services through Celadon Dedicated Services. It also transports the manufacturing component parts to its warehouses and sequences those parts for its customers.