Buckingham Research started coverage on shares of Celadon Group (NYSE: CGI) in a research note released on Thursday morning, TheFlyOnTheWall.com reports. The firm issued a buy rating on the stock.
Buckingham Research has also modified their ratings on a number of other industrials stocks in the few days. The firm initiated coverage on shares of Swift Transportation Co.. They issued a buy rating on that stock. Also, Buckingham Research initiated coverage on shares of Werner Enterprises Inc.. They issued a neutral rating on that stock. Finally, Buckingham Research initiated coverage on shares of Arkansas Best Corp.. They issued an underperform rating on that stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James cut their price target on shares of Celadon Group from $25.00 to $20.00 in a research note to investors on Monday, April 29th. Separately, analysts at Stifel Nicolaus cut their price target on shares of Celadon Group from $24.00 to $20.00 in a research note to investors on Monday, April 29th. They now have a buy rating on the stock. They noted that the move was a valuation call. Finally, analysts at Wunderlich cut their price target on shares of Celadon Group from $23.00 to $21.00 in a research note to investors on Monday, April 29th. They now have a buy rating on the stock.
Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Celadon Group has an average rating of Buy and an average price target of $23.86.
Celadon Group (NYSE: CGI) opened at 20.32 on Thursday. Celadon Group has a 52-week low of $13.51 and a 52-week high of $21.99. The stock’s 50-day moving average is currently $19.02. The company has a market cap of $463.8 million and a price-to-earnings ratio of 16.28.
Celadon Group, Inc (NYSE: CGI) is engaged in the business of truckload carriers.
