The stock of Celadon Group, Inc. (NYSE:CGI) hit a new 52-week low and has $4.56 target or 14.00% below today’s $5.30 share price. The 5 months bearish chart indicates high risk for the $147.12M company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $4.56 price target is reached, the company will be worth $20.60 million 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 117,448 shares traded hands. Celadon Group, Inc. (NYSE:CGI) has declined 44.27% since April 5, 2016 and is downtrending. It has underperformed by 46.23% the S&P500.
Celadon Group, Inc. (NYSE:CGI) Ratings Coverage
Out of 6 analysts covering Celadon Group (NYSE:CGI), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Celadon Group has been the topic of 13 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the shares of CGI in a report on Friday, October 30 with “Outperform” rating. Avondale downgraded Celadon Group, Inc. (NYSE:CGI) on Friday, November 4 to “Mkt Perform” rating. Cowen & Co maintained Celadon Group, Inc. (NYSE:CGI) rating on Friday, April 29. Cowen & Co has “Outperform” rating and $17 price target. Cowen & Co maintained Celadon Group, Inc. (NYSE:CGI) rating on Friday, July 31. Cowen & Co has “Outperform” rating and $30 price target. The firm has “Hold” rating given on Friday, June 24 by Stifel Nicolaus. As per Tuesday, January 12, the company rating was maintained by KeyBanc Capital Markets. The stock has “Market Outperform” rating given by Avondale on Wednesday, August 31.
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 Q2 2016. Its down 0.53, from 1.51 in 2016Q1. The ratio turned negative, 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.
Metropolitan Life Com Ny owns 19,750 shares or 0% of their US portfolio. Allianz Asset Ag accumulated 269,699 shares or 0% of the stock. Blackrock Advsrs Limited Com last reported 0% of its portfolio in the stock. Boston Prtn reported 401,010 shares or 0% of all its holdings. Raymond James & Associate has invested 0% of its portfolio in Celadon Group, Inc. (NYSE:CGI). Lpl Fincl Limited Liability owns 56,555 shares or 0% of their US portfolio. Moreover, Verition Fund Mngmt Ltd Liability has 0.03% invested in Celadon Group, Inc. (NYSE:CGI) for 25,000 shares. Moreover, New York State Teachers Retirement Systems has 0% invested in Celadon Group, Inc. (NYSE:CGI) for 18,351 shares. Comerica Bank last reported 0% of its portfolio in the stock. Ubs Asset Mngmt Americas has 0% invested in the company for 14,699 shares. Peak6 Invests Limited Partnership holds 0% or 13,299 shares in its portfolio. Redmond Asset Mngmt Ltd Liability Corporation has 58,872 shares for 0.24% of their US portfolio. Tower Rech Cap Limited Liability Corp (Trc) last reported 0% of its portfolio in the stock. Principal holds 194,315 shares or 0% of its portfolio. Diam Ltd, a Japan-based fund reported 20,400 shares.
More notable recent Celadon Group, Inc. (NYSE:CGI) news were published by: Ibj.com which released: “PROXY CORNER: Celadon Group Inc.” on November 05, 2016, also Prnewswire.com with their article: “Celadon Group Inc. Mourns Passing of Founder Steve Russell” published on April 15, 2016, 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) were released by: Seekingalpha.com and their article: “Celadon Group: Management Digs Itself A Deeper Hole” published on November 01, 2016 as well as Prnewswire.com‘s news article titled: “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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