Time to Buy Celadon Group, Inc. (CGI) After Today’s Huge Increase?

September 17, 2017 - By Vivian Currie

Investors sentiment decreased to 1.08 in 2016 Q4. Its down 0.48, from 1.56 in 2016Q3. It is negative, as 18 investors sold Celadon Group, Inc. shares while 31 reduced holdings. 13 funds opened positions while 40 raised stakes. 27.79 million shares or 0.62% more from 27.62 million shares in 2016Q3 were reported.
Hutchin Hill Cap L P has 0.02% invested in Celadon Group, Inc. (NYSE:CGI) for 65,500 shares. Tiaa Cref Ltd Liability Company reported 217,247 shares. Fifth Third Comml Bank has invested 0% in Celadon Group, Inc. (NYSE:CGI). Guggenheim Cap Limited Com has invested 0.01% in Celadon Group, Inc. (NYSE:CGI). State Of New Jersey Common Pension Fund D owns 0% invested in Celadon Group, Inc. (NYSE:CGI) for 15,000 shares. New York-based Bancorporation Of Ny Mellon Corporation has invested 0% in Celadon Group, Inc. (NYSE:CGI). Royal Natl Bank Of Canada accumulated 64,595 shares. Citigroup Incorporated reported 0% stake. Swiss Savings Bank has invested 0% in Celadon Group, Inc. (NYSE:CGI). Kennedy Capital Management has 378,737 shares for 0.05% of their portfolio. Pinebridge Invests Limited Partnership owns 3,511 shares for 0% of their portfolio. Metropolitan Life Insurance Communication has invested 0% of its portfolio in Celadon Group, Inc. (NYSE:CGI). Gemmer Asset Management Limited Liability Company holds 0% or 343 shares in its portfolio. Boston Ptnrs owns 1.03M shares. Moreover, Thrivent Fin For Lutherans has 0% invested in Celadon Group, Inc. (NYSE:CGI).

The stock of Celadon Group, Inc. (NYSE:CGI) is a huge mover today! The stock increased 4.31% or $0.25 on September 15, reaching $6.05. About 742,127 shares traded or 79.77% up from the average. Celadon Group, Inc. (NYSE:CGI) has declined 74.33% since September 17, 2016 and is downtrending. It has underperformed by 91.03% the S&P500.
The move comes after 7 months positive chart setup for the $171.21 million company. It was reported on Sep, 17 by Barchart.com. We have $6.53 PT which if reached, will make NYSE:CGI worth $13.70 million more.

Celadon Group, Inc. (NYSE:CGI) Ratings Coverage

Among 8 analysts covering Celadon Group (NYSE:CGI), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Celadon Group had 19 analyst reports since July 31, 2015 according to SRatingsIntel. As per Friday, December 16, the company rating was downgraded by Stifel Nicolaus. As per Friday, October 30, the company rating was maintained by Cowen & Co. On Friday, November 4 the stock rating was downgraded by Avondale to “Mkt Perform”. Credit Suisse maintained Celadon Group, Inc. (NYSE:CGI) on Monday, May 15 with “Outperform” rating. The rating was maintained by Aegis Capital on Friday, April 7 with “Buy”. The stock of Celadon Group, Inc. (NYSE:CGI) has “Hold” rating given on Friday, June 24 by Stifel Nicolaus. The stock has “Hold” rating by Stifel Nicolaus on Friday, February 10. On Tuesday, January 12 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The firm has “Outperform” rating by Cowen & Co given on Friday, April 29. Cowen & Co maintained the shares of CGI in report on Friday, July 31 with “Outperform” rating.

Celadon Group, Inc. is a truckload freight transportation provider. The company has market cap of $171.21 million. The Company’s divisions are asset-based, asset-light, and equipment leasing and services. It has a 71.16 P/E ratio. 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.

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