Celadon Group (CGI) is Downgraded by Stifel to Hold

Celadon Group (CGI) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Jun 24, 2016.

Many Wall Street Analysts have commented on Celadon Group. Company shares were Reiterated by Cowen on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 17 from a previous price target of $15 .

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 closed down -0.99 points or -8.99% at $10.02 with 5,01,786 shares getting traded on Tuesday. Post opening the session at $10.68, the shares hit an intraday low of $9.725 and an intraday high of $10.7 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

Investors should note that on Apr 27, 2016, Celadon Group announced a cash dividend of $0.0200. The company’s management has announced Jul 6, 2016 as the ex-dividend date and fixed the record date on Jul 8, 2016. The payable date has been fixed on Jul 22, 2016.

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.

Celadon Group

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