The stock of Celadon Group, Inc. (NYSE:CGI) hit a new 52-week low and has $5.52 target or 11.00% below today’s $6.20 share price. The 6 months bearish chart indicates high risk for the $168.17 million company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $5.52 price target is reached, the company will be worth $18.50M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 138,922 shares traded hands. Celadon Group, Inc. (NYSE:CGI) has declined 40.36% since March 31, 2016 and is downtrending. It has underperformed by 42.89% the S&P500.
Celadon Group, Inc. (NYSE:CGI) Ratings Coverage
Out of 6 analysts covering Celadon Group (NYSE:CGI), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Celadon Group has been the topic of 12 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Avondale upgraded Celadon Group, Inc. (NYSE:CGI) on Wednesday, August 31 to “Market Outperform” rating. The firm has “Overweight” rating by KeyBanc Capital Markets given on Tuesday, January 12. The firm earned “Outperform” rating on Friday, October 30 by Cowen & Co. The stock of Celadon Group, Inc. (NYSE:CGI) has “Hold” rating given on Friday, June 24 by Stifel Nicolaus. The rating was maintained by Cowen & Co on Friday, July 31 with “Outperform”. Cowen & Co maintained Celadon Group, Inc. (NYSE:CGI) on Friday, April 29 with “Outperform” rating.
According to Zacks Investment Research, “Celadon Group, Inc. provides trucking services for DaimlerChrysler Corporation to and from its Mexican assembly plants.”
Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.53, from 1.51 in 2016Q1. The ratio worsened, as 17 funds sold all Celadon Group, Inc. shares owned while 36 reduced positions. 9 funds bought stakes while 43 increased positions. They now own 25.38 million shares or 1.80% less from 25.85 million shares in 2016Q1.
Northern accumulated 0% or 327,962 shares. Moreover, California State Teachers Retirement System has 0% invested in Celadon Group, Inc. (NYSE:CGI) for 56,966 shares. Citigroup holds 16,586 shares or 0% of its portfolio. Paloma Prns Mgmt reported 22,004 shares or 0% of all its holdings. Millennium Mgmt Limited Liability Company holds 13,410 shares or 0% of its portfolio. Rhumbline Advisers last reported 35,908 shares in the company. Teacher Retirement Systems Of Texas holds 0% or 3,796 shares in its portfolio. Deutsche Bank & Trust Ag last reported 75,569 shares in the company. Morgan Stanley, a New York-based fund reported 868 shares. Prospector Prtn Limited Company owns 309,000 shares or 0.43% of their US portfolio. Springbok Cap Management Lc last reported 67,814 shares in the company. Credit Suisse Ag has 0% invested in the company for 51,980 shares. Pub Sector Pension Board has 0% invested in the company for 18,704 shares. Comerica Financial Bank holds 0% of its portfolio in Celadon Group, Inc. (NYSE:CGI) for 27,534 shares. Foundry Limited accumulated 0.19% or 411,585 shares.
More important recent Celadon Group, Inc. (NYSE:CGI) news were published by: Seekingalpha.com which released: “Celadon Group: Management Digs Itself A Deeper Hole” on November 01, 2016, also Prnewswire.com published article titled: “Celadon Group Inc. Mourns Passing of Founder Steve Russell”, Prnewswire.com published: “Celadon Group, Inc. Announces Sale of Tractor Portfolio, Joint Venture to Grow …” on October 02, 2015. More interesting news about Celadon Group, Inc. (NYSE:CGI) was released by: Prnewswire.com and their article: “Celadon Group, Inc. Announces Acquisition Of Truckload Van Assets From Tango …” with publication date: October 01, 2015.
CGI Company Profile
Celadon Group, Inc. (Celadon), incorporated on July 24, 1986, is a truckload freight transportation provider. The Company’s divisions are asset-based, asset-light, and equipment leasing and services. The Company’s services involve point-to-point shipping for its clients within the United States, between the United States and Mexico, and between the United States and Canada. The Company’s primary asset services include the 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; contract service; regional and specialized short haul service, and rail intermodal service.
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