Covenant Logistics Group (NYSE:CVLG - Get Free Report)'s stock had its "hold (c)" rating restated by Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.
A number of other equities research analysts have also issued reports on CVLG. Zacks Research lowered shares of Covenant Logistics Group from a "hold" rating to a "strong sell" rating in a report on Friday. Wall Street Zen lowered shares of Covenant Logistics Group from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $33.00.
View Our Latest Research Report on CVLG
Covenant Logistics Group Trading Down 0.6%
Shares of NYSE:CVLG traded down $0.13 during mid-day trading on Tuesday, reaching $20.67. 8,358 shares of the company were exchanged, compared to its average volume of 116,688. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 1.06. The firm has a market cap of $517.16 million, a price-to-earnings ratio of 15.78 and a beta of 1.39. The firm's 50-day simple moving average is $23.02 and its 200 day simple moving average is $22.66. Covenant Logistics Group has a 1 year low of $17.46 and a 1 year high of $30.77.
Covenant Logistics Group (NYSE:CVLG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.04. The firm had revenue of $302.85 million during the quarter, compared to analysts' expectations of $285.33 million. Covenant Logistics Group had a net margin of 3.18% and a return on equity of 11.63%.
Institutional Investors Weigh In On Covenant Logistics Group
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its stake in Covenant Logistics Group by 97.7% during the 1st quarter. Rhumbline Advisers now owns 26,177 shares of the company's stock worth $581,000 after acquiring an additional 12,937 shares in the last quarter. Brandywine Global Investment Management LLC raised its stake in Covenant Logistics Group by 93.4% during the 1st quarter. Brandywine Global Investment Management LLC now owns 55,838 shares of the company's stock worth $1,240,000 after acquiring an additional 26,962 shares in the last quarter. GAMMA Investing LLC raised its stake in Covenant Logistics Group by 1,289.4% during the 1st quarter. GAMMA Investing LLC now owns 1,709 shares of the company's stock worth $38,000 after acquiring an additional 1,586 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Covenant Logistics Group by 90.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 168,936 shares of the company's stock worth $3,750,000 after acquiring an additional 80,151 shares in the last quarter. Finally, Strs Ohio purchased a new position in Covenant Logistics Group during the 1st quarter worth $500,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.
About Covenant Logistics Group
(
Get Free Report)
Covenant Logistics Group, Inc, together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows.
Further Reading
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