NASDAQ:CVLG Covenant Logistics Group (CVLG) Stock Forecast, Price & News $43.85 +0.06 (+0.14%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$43.50▼$44.6150-Day Range$43.00▼$56.9152-Week Range$28.20▼$57.57Volume46,994 shsAverage Volume82,041 shsMarket Capitalization$567.86 millionP/E Ratio6.95Dividend Yield1.00%Price Target$54.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Covenant Logistics Group MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside23.1% Upside$54.00 Price TargetShort InterestHealthy2.26% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.22Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth17.32%From $4.33 to $5.08 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.94 out of 5 starsTransportation Sector15th out of 114 stocksTrucking, Except Local Industry4th out of 12 stocks 2.3 Analyst's Opinion Consensus RatingCovenant Logistics Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $54.00, Covenant Logistics Group has a forecasted upside of 23.1% from its current price of $43.85.Amount of Analyst CoverageCovenant Logistics Group has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.26% of the float of Covenant Logistics Group has been sold short.Short Interest Ratio / Days to CoverCovenant Logistics Group has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Covenant Logistics Group has recently decreased by 29.20%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldCovenant Logistics Group pays a meaningful dividend of 1.02%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCovenant Logistics Group has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Covenant Logistics Group is 6.97%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Covenant Logistics Group will have a dividend payout ratio of 8.66% next year. This indicates that Covenant Logistics Group will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CVLG. Previous Next 3.5 News and Social Media Coverage News SentimentCovenant Logistics Group has a news sentiment score of 1.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Covenant Logistics Group this week, compared to 1 article on an average week.Search Interest1 people have searched for CVLG on MarketBeat in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Covenant Logistics Group insiders have not sold or bought any company stock.Percentage Held by Insiders35.30% of the stock of Covenant Logistics Group is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions56.48% of the stock of Covenant Logistics Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Covenant Logistics Group are expected to grow by 17.32% in the coming year, from $4.33 to $5.08 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Covenant Logistics Group is 6.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.84.Price to Earnings Ratio vs. SectorThe P/E ratio of Covenant Logistics Group is 6.95, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 12.15.Price to Book Value per Share RatioCovenant Logistics Group has a P/B Ratio of 1.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Covenant Logistics Group (NASDAQ:CVLG) StockCovenant 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.Read More CVLG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CVLG Stock News HeadlinesSeptember 26, 2023 | finance.yahoo.comWill Weakness in Covenant Logistics Group, Inc.'s (NASDAQ:CVLG) Stock Prove Temporary Given Strong Fundamentals?September 5, 2023 | finance.yahoo.comWhy Covenant Logistics Group, Inc. (NASDAQ:CVLG) Could Be Worth WatchingSeptember 30, 2023 | Stansberry Research (Ad)Is NVIDIA Leading a "Magnificent Seven Bubble"?The world’s massive tech leaders may be in a bubble, led by NVIDIA’s enormous rise this year. What happens next could affect all stocks. August 24, 2023 | finance.yahoo.comCovenant Receives Quest for Quality Award from Logistics ManagementJuly 27, 2023 | finanznachrichten.deCovenant Logistics Group, Inc.: Covenant Logistics Group Announces Second Quarter Financial and Operating ResultsJuly 27, 2023 | finance.yahoo.comCovenant Logistics Group (NASDAQ:CVLG) shareholders have earned a 40% CAGR over the last three yearsJuly 19, 2023 | finance.yahoo.comWhat's in the Cards for Covenant (CVLG) in Q2 Earnings?July 14, 2023 | finance.yahoo.comCovenant Logistics (CVLG) Dips More Than Broader Markets: What You Should KnowSeptember 30, 2023 | Stansberry Research (Ad)Is NVIDIA Leading a "Magnificent Seven Bubble"?The world’s massive tech leaders may be in a bubble, led by NVIDIA’s enormous rise this year. What happens next could affect all stocks. July 13, 2023 | msn.comCovenant Logistics: Not The Time To Get In Right NowJune 15, 2023 | finance.yahoo.comCovenant Releases 2022 Corporate Social Responsibility ReportJune 14, 2023 | finance.yahoo.comSupply & Demand Chain Executive Names Covenant Logistics as a Recipient of the 2023 Top Supply Chain Projects AwardJune 12, 2023 | finance.yahoo.comBest Value Stocks to Buy for June 12thMay 2, 2023 | msn.comStephens & Co. Maintains Covenant Logistics Group Inc - (CVLG) Overweight RecommendationApril 28, 2023 | markets.businessinsider.comCovenant Logistics Group (CVLG) Receives a Rating Update from a Top AnalystApril 27, 2023 | finanznachrichten.deCovenant Logistics Group, Inc.: Covenant Logistics Group Announces First Quarter Financial and Operating Results and AcquisitionApril 20, 2023 | finance.yahoo.comCovenant Announces Grand Opening of Hogan Hall and Orientation Training CenterApril 19, 2023 | finance.yahoo.comIs Covenant Logistics Group, Inc.'s (NASDAQ:CVLG) Recent Stock Performance Tethered To Its Strong Fundamentals?March 29, 2023 | finance.yahoo.comShould You Think About Buying Covenant Logistics Group, Inc. (NASDAQ:CVLG) Now?March 14, 2023 | finance.yahoo.comCovenant’s Misti Olszewski nominated as a Women in Trucking Association’s Top Woman to WatchMarch 9, 2023 | seekingalpha.comCovenant Logistics: Data Analytics To Hire Drivers Could Push The Price UpMarch 4, 2023 | morningstar.comCovenant Logistics Group Inc Class AFebruary 21, 2023 | finance.yahoo.comCovenant Logistics Group's (NASDAQ:CVLG) Dividend Will Be Increased To $0.11February 16, 2023 | finance.yahoo.comCovenant Logistics Group Announces Increase to Quarterly Cash DividendJanuary 31, 2023 | finance.yahoo.comCovenant Logistics Group Announces Amended Stock Repurchase Program and 10b5-1 Trading PlanJanuary 31, 2023 | benzinga.comSHAREHOLDER ALERT: Investigation of Covenant Logistics Group, Inc. (CVLG) Announced by Nationally Ranked Investors' Rights Firm Holzer & Holzer, LLCJanuary 30, 2023 | wsj.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Covenant Logistics Group, Inc. - CVLGSee More Headlines Receive CVLG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Covenant Logistics Group and its competitors with MarketBeat's FREE daily newsletter. Email Address CVLG Company Calendar Last Earnings7/26/2023Ex-Dividend for 9/29 Dividend8/31/2023Today9/29/2023Dividend Payable9/29/2023Next Earnings (Estimated)10/19/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Trucking, except local Sub-IndustryN/A SectorTransportation Current SymbolNASDAQ:CVLG CUSIPN/A CIK928658 Webwww.covenanttransport.com Phone(423) 821-1212Fax423-821-5442Employees4,607Year Founded1986Price Target and Rating Average Stock Price Forecast$54.00 High Stock Price Forecast$70.00 Low Stock Price Forecast$38.00 Forecasted Upside/Downside+23.1%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$6.31 Trailing P/E Ratio6.95 Forward P/E Ratio10.13 P/E GrowthN/ANet Income$108.68 million Net Margins7.89% Pretax Margin10.22% Return on Equity18.43% Return on Assets8.71% Debt Debt-to-Equity Ratio0.44 Current Ratio1.29 Quick Ratio1.26 Sales & Book Value Annual Sales$1.22 billion Price / Sales0.47 Cash Flow$11.13 per share Price / Cash Flow3.94 Book Value$27.82 per share Price / Book1.58Miscellaneous Outstanding Shares12,950,000Free Float8,377,000Market Cap$567.86 million OptionableOptionable Beta1.50 Social Links Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. David Ray Parker (Age 65)Chairman & CEO Comp: $2.12MMr. M. Paul Bunn (Age 45)Pres & COO Comp: $1.04MMr. James S. Grant III (Age 44)Exec. VP & CFO Comp: $597.16kMr. Joey B. Hogan (Age 61)Exec. VP & Director Comp: $1.48MMr. Samuel F. Hough (Age 57)Exec. VP of Expedited Operations Comp: $699.25kMs. Lynn Doster (Age 57)Exec. VP of Dedicated & Warehousing Operations Comp: $661.56kMr. 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 More ExecutivesKey CompetitorsUniversal LogisticsNASDAQ:ULHP.A.M. Transportation ServicesNASDAQ:PTSIHeartland ExpressNASDAQ:HTLDMarten TransportNASDAQ:MRTNArdmore ShippingNYSE:ASCView All CompetitorsInsiders & InstitutionsBarclays PLCSold 2,673 shares on 9/21/2023Ownership: 0.164%California State Teachers Retirement SystemSold 1,324 shares on 8/21/2023Ownership: 0.077%Public Employees Retirement System of OhioSold 2,081 shares on 8/15/2023Ownership: 0.162%Royal Bank of CanadaBought 1,499 shares on 8/15/2023Ownership: 0.090%Wells Fargo & Company MNBought 368 shares on 8/15/2023Ownership: 0.035%View All Insider TransactionsView All Institutional Transactions CVLG Stock - Frequently Asked Questions Should I buy or sell Covenant Logistics Group stock right now? 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Covenant Logistics Group in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research 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 Wall Street analysts have issued 1 year price targets for Covenant Logistics Group's stock. 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 twelve months. This suggests a possible upside of 23.1% 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 on January 1st, 2023. Since then, CVLG shares have increased by 26.8% and is now trading at $43.85. View the best growth stocks for 2023 here. Are investors shorting Covenant Logistics Group? Covenant Logistics Group saw a decrease in short interest in the month of 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 presently 2.4 days. Currently, 2.3% of the company's shares are sold short. 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, topping 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 trailing twelve-month return on equity of 18.43% and a net margin of 7.89%. How often does Covenant Logistics Group pay dividends? What is the dividend yield for Covenant Logistics Group? Covenant Logistics Group declared a quarterly dividend on Monday, August 21st. Stockholders of record on Friday, September 1st will be given a dividend of $0.11 per share on Friday, September 29th. This represents a $0.44 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend 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 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 1.02%. 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 $43.85. How much money does Covenant Logistics Group make? Covenant Logistics Group (NASDAQ:CVLG) has a market capitalization of $567.86 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 9/30/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Covenant Logistics Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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