Texas (September 5, 2013) Wax Ink has issued a Positive Investment Interest opinion for Celadon Group, Inc. (NYSE: CGI) based on a recent baseline equity review which placed fair value between $32-$41.
The recent close of $18.32 is approximately 5% below the fair value buy target for the stock and approximately 54% below the fair value close target for the stock. The recent close is also 20% below analysts' twelve-month $23.00 median price target for the stock.
The recent close represents a 21% increase in the one year price of the stock, while year-over-year sales increased 8%, year-over-year earnings increased 89%, and year-over-year debt increased 10571%.
The stock currently has a trailing twelve-month PE Ratio of 5, and a PEG Ratio of 1.2 basis estimated forward earnings growth of 4.5%.
In the past 52 weeks, share prices have moved between a high of $21.99 and a low of $14.69, placing equilibrium at $18.98.
With the recent close, the stock is trading 20% below the 52 week high, 20% above the 52 week low, and 4% below equilibrium.
The three-month average daily trading volume for the stock is approximately 174,000 shares.
Celadon Group, Inc. through its subsidiaries, provides transportation services between the United States, Canada, and Mexico.
The company's listed competitors include JB Hunt Transport Services, Inc., Werner Enterprises, Inc., and Landstar System, Inc.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending June 30, 2012.
All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.