Celadon Group, Inc. (CGI) shares saw a recent bid of $3.05 and 1.5M shares have exchanged hands in the recent trading session, yielding a 35.56% gain over the past week. The stock price increased 10.91% or $-0.3 versus $2.75 at the end of the prior session. This change led market cap to move at $84.30M, putting the price -74.65% below the 52-week high and 134.62% above the 52-week low. The company’s stock has a normal trading capacity of 1.35M shares while the relative volume is 1.13.
To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $11.33 while $12.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $0.67 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $11.00, which would be an increase of about 261% of its current value. The mean target of $11.00 should be compared with the price when the stock was languishing around $1.30 a share. And it remains to be seen which target price CGI can achieve without sacrificing much as the company is holding a -69.35% fall for the past twelve months.
By historical standards, Celadon Group, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts to 35.87 times earnings, above the average P/E ratio of 23.83 times earnings. For now, Celadon Group, Inc. is the toast of Wall Street as its ABR stands at 2.50 with 0 out of 2 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Celadon Group, Inc. has a 24.97% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Celadon Group, Inc. has far performed well this year, with the share price down -57.34% since January. Over the past 2 quarters, the stock is down -63.25%, compared with a fall of nearly -59.60% for 3 months and about 52.50% for the past 30 days.
Revenue for the quarter also killed consensus, coming in at $265.73M, compared to the consensus of 260.21M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $-0.26. The company is expected to report EPS as high as $-0.06 and as low as $-0.47 per share. Similarly, full-year EPS forecasts have ranged between $-0.20 and $-0.20. The mean EPS estimate is $-0.20. On the other side, sales forecasts for the current quarter are $259.3M. The stock is expected to report revenue as high as $259.3M and as low as $259.3M per share. Similarly, full-year sales forecasts have ranged between $1.05B and $1.05B. The mean revenue estimate is $1.05B.
Over the last 5 years, Celadon Group, Inc. has averaged a 5.60% YoY EPS growth rate and a 13.40% revenue growth rate. Analysts are expecting EPS growth rates to be at -41.80% this quarter and EPS estimate for next year reflect 174.50% growth rate.
Sell-side analysts also have something to say about this company. Stifel raised its rating on Celadon Group, Inc. to Hold on 10/02/2017 in a reversal from its prior Sell rating. Stifel had a markedly different take on 16/12/2016, proposing that Celadon Group, Inc. is now considered Hold versus prior Buy rating. Avondale had a markedly different take on 04/11/2016, proposing that Celadon Group, Inc. is now considered Mkt Perform versus prior Mkt Outperform rating. Avondale raised its rating on Celadon Group, Inc. to Mkt Outperform on 31/08/2016 in a reversal from its prior Mkt Perform rating.