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NASDAQ:CVLG

Covenant Logistics Group (CVLG) Stock Forecast, Price & News

$43.05
-0.36 (-0.83%)
(As of 12:57 PM ET)
Compare
Today's Range
$42.56
▼
$43.61
50-Day Range
$43.00
▼
$56.91
52-Week Range
$29.00
▼
$57.57
Volume
16,662 shs
Average Volume
81,496 shs
Market Capitalization
$557.50 million
P/E Ratio
6.82
Dividend Yield
1.02%
Price Target
$54.00
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Covenant Logistics Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
24.6% Upside
$54.00 Price Target
Short Interest
Healthy
2.26% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.22mentions of Covenant Logistics Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.32%
From $4.33 to $5.08 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.85 out of 5 stars

Transportation Sector

23rd out of 117 stocks

Trucking, Except Local Industry

4th out of 13 stocks

See Top Rated MarketRank™ Stocks Here

CVLG stock logo

About Covenant Logistics Group (NASDAQ:CVLG) Stock

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. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers. This segment also provides shuttle and switching services to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.

CVLG Price History

CVLG Stock News Headlines

September 26, 2023 | finance.yahoo.com
Will Weakness in Covenant Logistics Group, Inc.'s (NASDAQ:CVLG) Stock Prove Temporary Given Strong Fundamentals?
September 5, 2023 | finance.yahoo.com
Why Covenant Logistics Group, Inc. (NASDAQ:CVLG) Could Be Worth Watching
October 3, 2023 | Behind the Markets (Ad)
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August 24, 2023 | finance.yahoo.com
Covenant Receives Quest for Quality Award from Logistics Management
July 27, 2023 | finanznachrichten.de
Covenant Logistics Group, Inc.: Covenant Logistics Group Announces Second Quarter Financial and Operating Results
July 27, 2023 | finance.yahoo.com
Covenant Logistics Group (NASDAQ:CVLG) shareholders have earned a 40% CAGR over the last three years
July 19, 2023 | finance.yahoo.com
What's in the Cards for Covenant (CVLG) in Q2 Earnings?
July 14, 2023 | finance.yahoo.com
Covenant Logistics (CVLG) Dips More Than Broader Markets: What You Should Know
October 3, 2023 | Behind the Markets (Ad)
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The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
July 13, 2023 | msn.com
Covenant Logistics: Not The Time To Get In Right Now
June 15, 2023 | finance.yahoo.com
Covenant Releases 2022 Corporate Social Responsibility Report
June 14, 2023 | finance.yahoo.com
Supply & Demand Chain Executive Names Covenant Logistics as a Recipient of the 2023 Top Supply Chain Projects Award
June 12, 2023 | finance.yahoo.com
Best Value Stocks to Buy for June 12th
May 2, 2023 | msn.com
Stephens & Co. Maintains Covenant Logistics Group Inc - (CVLG) Overweight Recommendation
April 28, 2023 | markets.businessinsider.com
Covenant Logistics Group (CVLG) Receives a Rating Update from a Top Analyst
April 27, 2023 | finanznachrichten.de
Covenant Logistics Group, Inc.: Covenant Logistics Group Announces First Quarter Financial and Operating Results and Acquisition
April 20, 2023 | finance.yahoo.com
Covenant Announces Grand Opening of Hogan Hall and Orientation Training Center
April 19, 2023 | finance.yahoo.com
Is Covenant Logistics Group, Inc.'s (NASDAQ:CVLG) Recent Stock Performance Tethered To Its Strong Fundamentals?
March 29, 2023 | finance.yahoo.com
Should You Think About Buying Covenant Logistics Group, Inc. (NASDAQ:CVLG) Now?
March 14, 2023 | finance.yahoo.com
Covenant’s Misti Olszewski nominated as a Women in Trucking Association’s Top Woman to Watch
March 9, 2023 | seekingalpha.com
Covenant Logistics: Data Analytics To Hire Drivers Could Push The Price Up
March 4, 2023 | morningstar.com
Covenant Logistics Group Inc Class A
February 21, 2023 | finance.yahoo.com
Covenant Logistics Group's (NASDAQ:CVLG) Dividend Will Be Increased To $0.11
February 16, 2023 | finance.yahoo.com
Covenant Logistics Group Announces Increase to Quarterly Cash Dividend
January 31, 2023 | finance.yahoo.com
Covenant Logistics Group Announces Amended Stock Repurchase Program and 10b5-1 Trading Plan
January 31, 2023 | benzinga.com
SHAREHOLDER ALERT: Investigation of Covenant Logistics Group, Inc. (CVLG) Announced by Nationally Ranked Investors' Rights Firm Holzer & Holzer, LLC
January 30, 2023 | wsj.com
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Covenant Logistics Group, Inc. - CVLG
See More Headlines
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CVLG Company Calendar

Last Earnings
7/26/2023
Ex-Dividend for 9/29 Dividend
8/31/2023
Dividend Payable
9/29/2023
Today
10/03/2023
Next Earnings (Estimated)
10/19/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Trucking, except local
Sub-Industry
N/A
Sector
Transportation
Current Symbol
NASDAQ:CVLG
CUSIP
N/A
CIK
928658
Web
www.covenanttransport.com
Phone
(423) 821-1212
Fax
423-821-5442
Employees
4,607
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$54.00
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+24.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$6.31
Trailing P/E Ratio
6.88
Forward P/E Ratio
10.03
P/E Growth
N/A
Net Income
$108.68 million
Net Margins
7.89%
Pretax Margin
10.22%
Return on Equity
18.43%
Return on Assets
8.71%

Debt

Debt-to-Equity Ratio
0.44
Current Ratio
1.29
Quick Ratio
1.26

Sales & Book Value

Annual Sales
$1.22 billion
Price / Sales
0.46
Cash Flow
$10.80 per share
Price / Cash Flow
4.02
Book Value
$27.82 per share
Price / Book
1.56

Miscellaneous

Outstanding Shares
12,950,000
Free Float
9,179,000
Market Cap
$562.16 million
Optionable
Optionable
Beta
1.51

Social Links

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Key Executives

  • Mr. David Ray Parker (Age 65)
    Chairman & CEO
    Comp: $2.12M
  • Mr. M. Paul Bunn (Age 45)
    Pres & COO
    Comp: $1.04M
  • Mr. James S. Grant III (Age 44)
    Exec. VP & CFO
    Comp: $597.16k
  • Mr. Joey B. Hogan (Age 61)
    Exec. VP & Director
    Comp: $1.48M
  • Mr. Samuel F. Hough (Age 57)
    Exec. VP of Expedited Operations
    Comp: $699.25k
  • Ms. Lynn Doster (Age 57)
    Exec. VP of Dedicated & Warehousing Operations
    Comp: $661.56k
  • Mr. James C. Heartfield ESQ. (Age 58)
    Gen. Counsel
  • Ms. Joey Ballard (Age 48)
    Exec. VP of People & Safety
  • Mr. R. H. Lovin Jr. (Age 71)
    Exec. VP
  • Mr. William J. Cartright (Age 44)
    Sr. VP of Dedicated Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CVLG Stock - Frequently Asked Questions

Should I buy or sell Covenant Logistics Group stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covenant Logistics Group in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CVLG shares.
View CVLG analyst ratings or view top-rated stocks.

What is Covenant Logistics Group's stock price forecast for 2023?

2 brokerages have issued 12-month target prices for Covenant Logistics Group's shares. Their CVLG share price forecasts range from $38.00 to $70.00. On average, they anticipate the company's share price to reach $54.00 in the next year. This suggests a possible upside of 24.4% from the stock's current price.
View analysts price targets for CVLG or view top-rated stocks among Wall Street analysts.

How have CVLG shares performed in 2023?

Covenant Logistics Group's stock was trading at $34.57 at the beginning of 2023. Since then, CVLG shares have increased by 25.6% and is now trading at $43.41.
View the best growth stocks for 2023 here.

Are investors shorting Covenant Logistics Group?

Covenant Logistics Group saw a decrease in short interest in September. As of September 15th, there was short interest totaling 163,700 shares, a decrease of 29.2% from the August 31st total of 231,200 shares. Based on an average daily volume of 67,900 shares, the short-interest ratio is currently 2.4 days. Approximately 2.3% of the company's shares are short sold.
View Covenant Logistics Group's Short Interest.

When is Covenant Logistics Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our CVLG earnings forecast.

How were Covenant Logistics Group's earnings last quarter?

Covenant Logistics Group, Inc. (NASDAQ:CVLG) announced its quarterly earnings results on Wednesday, July, 26th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.22. The company had revenue of $274.02 million for the quarter. Covenant Logistics Group had a net margin of 7.89% and a trailing twelve-month return on equity of 18.43%.

How often does Covenant Logistics Group pay dividends? What is the dividend yield for Covenant Logistics Group?

Covenant Logistics Group announced a quarterly dividend on Monday, August 21st. Investors of record on Friday, September 1st will be paid a dividend of $0.11 per share on Friday, September 29th. This represents a $0.44 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for CVLG.

What ETFs hold Covenant Logistics Group's stock?

ETFs with the largest weight of Covenant Logistics Group (NASDAQ:CVLG) stock in their portfolio include EA Series Trust - Euclidean Fundamental Value ETF (ECML), iShares US Small Cap Value Factor ETF (SVAL) and AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).Invesco DWA SmallCap Momentum ETF (DWAS).

Is Covenant Logistics Group a good dividend stock?

Covenant Logistics Group (NASDAQ:CVLG) pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.00%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVLG will have a dividend payout ratio of 8.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CVLG.

What is Covenant Logistics Group's stock symbol?

Covenant Logistics Group trades on the NASDAQ under the ticker symbol "CVLG."

How do I buy shares of Covenant Logistics Group?

Shares of CVLG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Covenant Logistics Group's stock price today?

One share of CVLG stock can currently be purchased for approximately $43.41.

How much money does Covenant Logistics Group make?

Covenant Logistics Group (NASDAQ:CVLG) has a market capitalization of $562.16 million and generates $1.22 billion in revenue each year. The company earns $108.68 million in net income (profit) each year or $6.31 on an earnings per share basis.

How many employees does Covenant Logistics Group have?

The company employs 4,607 workers across the globe.

Does Covenant Logistics Group have any subsidiaries?
The following companies are subsidiares of Covenant Logistics Group: CTG Leasing Company a Nevada corporation, Covenant Asset Management LLC a Nevada limited liability company, Covenant Logistics Inc a Nevada corporation, Covenant Transport Inc a Tennessee corporation dba Covenant Transport Services and Covenant Logistics, Covenant Transport Solutions LLC a Nevada limited liability company, Heritage Insurance Inc a Tennessee corporation, IQS Insurance Risk Retention Group Inc a Vermont corporation, Landair, Landair Holdings Inc a Tennessee corporation, Landair Leasing Inc a Tennessee corporation, Landair Logistics Inc a Tennessee corporation, Landair Transport Inc a Tennessee corporation, Southern Refrigerated Transport LLC an Arkansas limited liability company, Star Transportation LLC a Tennessee limited liability company dba Covenant Transport Services and Covenant Logistics, Transport Enterprise Leasing LLC a Georgia limited liability company, and Transport Management Services LLC a Tennessee limited liability company.
Read More
How can I contact Covenant Logistics Group?

Covenant Logistics Group's mailing address is 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN, 37419. The official website for the company is www.covenanttransport.com. The company can be reached via phone at (423) 821-1212, via email at criric@covenanttransport.com, or via fax at 423-821-5442.

This page (NASDAQ:CVLG) was last updated on 10/3/2023 by MarketBeat.com Staff

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