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NASDAQ:CVLG

Covenant Logistics Group Stock Forecast, Price & News

$32.84
+0.22 (+0.67 %)
(As of 10/18/2021 04:00 PM ET)
Add
Compare
Today's Range
$32.05
$33.09
50-Day Range
$21.97
$32.84
52-Week Range
$13.23
$33.09
Volume205,665 shs
Average Volume103,915 shs
Market Capitalization$551.84 million
P/E Ratio67.02
Dividend YieldN/A
Beta1.76
30 days | 90 days | 365 days | Advanced Chart
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Covenant Logistics Group logo

About Covenant Logistics Group

Covenant Logistics Group, Inc. is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Highway Services and Dedicated Contract Services. The Highway Services Segment includes two separate service offerings: Expedited Services (""Expedited"") and Over-the-Road Services (""OTR""), both of which transport one-way freight over non-routine routes. The Dedicated Contract Services Segment provides similar transportation services, but does so pursuant to agreements whereby equipment available to a specific customer for shipments over particular routes at specified times. The company was founded by David Ray Parker in 1985 and is headquartered in Chattanooga, TN.

Headlines

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Industry, Sector and Symbol

Industry
Trucking, except local
Sub-Industry
N/A
Current Symbol
NASDAQ:CVLG
Employees
4,900
Year Founded
N/A

Sales & Book Value

Annual Sales
$838.56 million
Cash Flow
$7.22 per share
Book Value
$16.96 per share

Profitability

Net Income
$-42.72 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$551.84 million
Next Earnings Date
10/20/2021 (Confirmed)
Optionable
Optionable

MarketRank

Overall MarketRank

2.11 out of 5 stars

Transportation Sector

74th out of 172 stocks

Trucking, Except Local Industry

13th out of 18 stocks

Analyst Opinion: 3.2Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -












Covenant Logistics Group (NASDAQ:CVLG) Frequently Asked Questions

Is Covenant Logistics Group a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Covenant Logistics Group in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Covenant Logistics Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CVLG, but not buy additional shares or sell existing shares.
View analyst ratings for Covenant Logistics Group
or view top-rated stocks.

What stocks does MarketBeat like better than Covenant Logistics Group?

Wall Street analysts have given Covenant Logistics Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Covenant Logistics Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Covenant Logistics Group?

Covenant Logistics Group saw a drop in short interest during the month of September. As of September 30th, there was short interest totaling 269,700 shares, a drop of 22.2% from the September 15th total of 346,800 shares. Based on an average trading volume of 120,000 shares, the short-interest ratio is presently 2.2 days. Currently, 2.5% of the shares of the company are short sold.
View Covenant Logistics Group's Short Interest
.

When is Covenant Logistics Group's next earnings date?

Covenant Logistics Group is scheduled to release its next quarterly earnings announcement on Wednesday, October 20th 2021.
View our earnings forecast for Covenant Logistics Group
.

How can I listen to Covenant Logistics Group's earnings call?

Covenant Logistics Group will be holding an earnings conference call on Thursday, October 21st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-919-4059 with passcode "56234055".

How were Covenant Logistics Group's earnings last quarter?

Covenant Logistics Group, Inc. (NASDAQ:CVLG) posted its earnings results on Tuesday, July, 20th. The company reported $0.96 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.68 by $0.28. The firm had revenue of $256.32 million for the quarter, compared to analyst estimates of $223 million. Covenant Logistics Group had a net margin of 0.92% and a trailing twelve-month return on equity of 15.11%.
View Covenant Logistics Group's earnings history
.

What price target have analysts set for CVLG?

3 Wall Street analysts have issued 12 month price objectives for Covenant Logistics Group's shares. Their forecasts range from $42.00 to $42.00. On average, they expect Covenant Logistics Group's share price to reach $42.00 in the next year. This suggests a possible upside of 27.9% from the stock's current price.
View analysts' price targets for Covenant Logistics Group
or view top-rated stocks among Wall Street analysts.

Who are Covenant Logistics Group's key executives?

Covenant Logistics Group's management team includes the following people:
  • David Ray Parker, Chairman & Chief Executive Officer
  • Joey B. Hogan, President & Chief Financial Officer
  • M. Paul Bunn, Chief Operating Officer & Senior Executive VP
  • Samuel F. Hough, Executive Vice President-Expedited Operations
  • Matthew T. Anderson, Senior Vice President-Sales & Marketing

What is Covenant Logistics Group's stock symbol?

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

Who are Covenant Logistics Group's major shareholders?

Covenant Logistics Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Foundry Partners LLC (1.70%), Livingston Group Asset Management CO operating as Southport Capital Management (0.33%), Hodges Capital Management Inc. (0.19%) and Wedbush Securities Inc. (0.12%). Company insiders that own Covenant Logistics Group stock include David Ray Parker, John A Tweed and Paul Bunn.
View institutional ownership trends for Covenant Logistics Group
.

Which institutional investors are selling Covenant Logistics Group stock?

CVLG stock was sold by a variety of institutional investors in the last quarter, including Livingston Group Asset Management CO operating as Southport Capital Management , and Foundry Partners LLC.
View insider buying and selling activity for Covenant Logistics Group
or view top insider-selling stocks.

Which institutional investors are buying Covenant Logistics Group stock?

CVLG stock was purchased by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., and Wedbush Securities Inc.. Company insiders that have bought Covenant Logistics Group stock in the last two years include David Ray Parker, John A Tweed, and Paul Bunn.
View insider buying and selling activity for Covenant Logistics Group
or or view top insider-buying stocks.

How do I buy shares of Covenant Logistics Group?

Shares of CVLG 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 $32.84.

How much money does Covenant Logistics Group make?

Covenant Logistics Group has a market capitalization of $551.84 million and generates $838.56 million in revenue each year. The company earns $-42.72 million in net income (profit) each year or $1.08 on an earnings per share basis.

How many employees does Covenant Logistics Group have?

Covenant Logistics Group employs 4,900 workers across the globe.

What is Covenant Logistics Group's official website?

The official website for Covenant Logistics Group is www.covenanttransport.com.

Where are Covenant Logistics Group's headquarters?

Covenant Logistics Group is headquartered at 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN, 37419.

How can I contact Covenant Logistics Group?

Covenant Logistics Group's mailing address is 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN, 37419. The company can be reached via phone at (423) 821-1212 or via email at [email protected].


This page was last updated on 10/19/2021 by MarketBeat.com Staff

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