Covenant Logistics Group (CVLG) Stock Forecast & Price Target

→ The Best AI Stock to Own in the World Today is Trading for Just $25 (From Banyan Hill Publishing) (Ad)

$44.71

+1.26 (+2.90%)

(As of 04/19/2024 ET)

Covenant Logistics Group Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Buy
Based on 3 Analyst Ratings

Analysts' Consensus Price Target

$68.67
53.58% Upside

High Forecast	$70.00
Average Forecast	$68.67
Low Forecast	$66.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Buy	Buy	Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$68.67	$68.67	$70.00	$33.33
Predicted Upside	53.58% Upside	33.87% Upside	26.17% Upside	8.80% Upside

Get Covenant Logistics Group Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for CVLG and its competitors with MarketBeat's FREE daily newsletter.

Ad DTI

This company has increased its dividend every year for 54 years

There are three basic steps to building the Ultimate Dividend Portfolio. Step #1 is to Get The High Yields! So an index fund like the SPY, paying only 1.5% a year, isn’t going to cut it. But a company like Altria Group (MO) will.

Click here to get them (for Free).

CVLG Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CVLG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Covenant Logistics Group Stock vs. The Competition

Type	Covenant Logistics Group	Transportation Companies	S&P 500
Consensus Rating Score	3.00	2.54	2.49
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	53.58% Upside	37.16% Upside	11.90% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
1/25/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$51.00 ➝ $66.00	+32.40%
1/23/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$70.00	+44.18%
7/28/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight	$63.00 ➝ $70.00	+26.17%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:37 PM ET.

CVLG Price Target - Frequently Asked Questions

What is Covenant Logistics Group's consensus rating and price target?: According to the issued ratings of 3 analysts in the last year, the consensus rating for Covenant Logistics Group stock is Buy based on the current 3 buy ratings for CVLG. The average twelve-month price prediction for Covenant Logistics Group is $68.67 with a high price target of $70.00 and a low price target of $66.00. Learn more on CVLG's analyst rating history.
Do Wall Street analysts like Covenant Logistics Group more than its competitors?: Analysts like Covenant Logistics Group more than other Transportation companies. The consensus rating for Covenant Logistics Group is Buy while the average consensus rating for transportation companies is Moderate Buy. Learn more on how CVLG compares to other companies.
Is Covenant Logistics Group being upgraded by Wall Street analysts?: Over the previous 90 days, Covenant Logistics Group's stock had 1 upgrade by analysts.

Does Covenant Logistics Group's stock price have much upside?: According to analysts, Covenant Logistics Group's stock has a predicted upside of 33.87% based on their 12-month stock forecasts.
What analysts cover Covenant Logistics Group?: Covenant Logistics Group has been rated by TD Cowen, and Vertical Research in the past 90 days.

Stock Ratings Reports and Tools

Related Companies:

Today's Ratings:

Top Rated Stocks:

More Ratings Tools:

This page (NASDAQ:CVLG) was last updated on 4/19/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Covenant Logistics Group (CVLG) Stock Forecast & Price Target

Covenant Logistics Group Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

CVLG Analyst Ratings By Month

CVLG Price Targets by Month

Covenant Logistics Group Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

CVLG Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info