Market Overview

UPDATE: Stifel Nicolaus Raises PT to $23 on Celadon Group on FQ1 Results

Related CGI
Top 4 Small-Cap Stocks In The Trucking Industry With The Lowest PEG Ratio
Wunderlich Securities Sees Potential To Once Again Differentiate Via M&A Activity For Celadon

Stifel Nicolaus reiterated its Buy rating on Celadon Group (NYSE: CGI) and raised its price target from $22 to $23.

Stifel Nicolaus noted, "Increasing our FY2013, FY2014, and FY2015 EPS estimates from $1.36, $1.54, and $1.72 to $1.40, $1.59, and $1.77, respectively. Our updated estimates include slower revenue growth than previously anticipated given the current slow economic growth rate as well as more favorable operating ratio compression than previously assumed given the company's continued sub-90 ORs resulting from the benefits of its young fleet and fuel cost vigilance."

Celadon Group closed at $16.65 on Wednesday.

Latest Ratings for CGI

DateFirmActionFromTo
Nov 2014Deutsche BankMaintainsSell
Oct 2014Wolfe ResearchUpgradesPeerperformOutperform
Aug 2014Stephens & Co.DowngradesOverweightEqual-weight

View More Analyst Ratings for CGI
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (CGI)

Around the Web, We're Loving...

Get Benzinga's Newsletters