NASDAQ:CVTI - Covenant Transportation Group Stock Price, News, & Analysis

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$16.58 -0.22 (-1.31 %)
(As of 05/23/2019 04:00 PM ET)
Previous Close$16.80
Today's Range$16.3270 - $18.51
52-Week Range$16.33 - $35.19
Volume89,067 shs
Average Volume131,376 shs
Market Capitalization$304.54 million
P/E Ratio7.03
Dividend YieldN/A
Beta1.58
Covenant Transportation Group, Inc., together with its subsidiaries, provides truckload transportation and brokerage services primarily in the continental United States. It offers expedited and dedicated services. The company also provides ancillary services, including freight brokerage and logistics services, warehousing, and accounts receivable factoring; and over-the-road truckload services, as well as transportation management, shuttle, and switching services. It serves transportation companies, such as freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. As of December 31, 2018, the company operated 3,154 tractors and 6,950 trailers. Covenant Transportation Group, Inc. was founded in 1986 and is headquartered in Chattanooga, Tennessee.

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Industry, Sector and Symbol

Industry Trucking, except local
Sub-IndustryN/A
SectorTransportation
Current SymbolNASDAQ:CVTI
CUSIPN/A
Phone423-821-1212

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$885.46 million
Cash Flow$6.3282 per share
Book Value$18.93 per share

Profitability

Net Income$42.50 million

Miscellaneous

Employees5,500
Market Cap$304.54 million
Next Earnings Date7/24/2019 (Estimated)
OptionableOptionable

Covenant Transportation Group (NASDAQ:CVTI) Frequently Asked Questions

What is Covenant Transportation Group's stock symbol?

Covenant Transportation Group trades on the NASDAQ under the ticker symbol "CVTI."

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

Covenant Transportation Group declared a quarterly dividend on Monday, July 23rd. Investors of record on Wednesday, August 15th will be paid a dividend of $0.02 per share on Friday, August 31st. This represents a $0.08 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Tuesday, August 14th. View Covenant Transportation Group's Dividend History.

How were Covenant Transportation Group's earnings last quarter?

Covenant Transportation Group, Inc. (NASDAQ:CVTI) posted its earnings results on Thursday, April, 25th. The transportation company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.07. The transportation company earned $219.18 million during the quarter, compared to analysts' expectations of $226.90 million. Covenant Transportation Group had a net margin of 4.57% and a return on equity of 13.27%. View Covenant Transportation Group's Earnings History.

When is Covenant Transportation Group's next earnings date?

Covenant Transportation Group is scheduled to release their next quarterly earnings announcement on Wednesday, July 24th 2019. View Earnings Estimates for Covenant Transportation Group.

What price target have analysts set for CVTI?

4 Wall Street analysts have issued 1-year price objectives for Covenant Transportation Group's stock. Their forecasts range from $23.00 to $36.00. On average, they expect Covenant Transportation Group's stock price to reach $28.00 in the next year. This suggests a possible upside of 68.9% from the stock's current price. View Analyst Price Targets for Covenant Transportation Group.

What is the consensus analysts' recommendation for Covenant Transportation Group?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covenant Transportation Group in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Covenant Transportation Group.

Has Covenant Transportation Group been receiving favorable news coverage?

Press coverage about CVTI stock has trended somewhat positive this week, according to InfoTrie. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Covenant Transportation Group earned a media sentiment score of 1.9 on InfoTrie's scale. They also gave news articles about the transportation company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near term.

Who are some of Covenant Transportation Group's key competitors?

What other stocks do shareholders of Covenant Transportation Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Covenant Transportation Group investors own include iShares Nasdaq Biotechnology ETF (IBB), Celgene (CELG), Intel (INTC), Lannett (LCI), Nike (NKE), Micron Technology (MU), NXP Semiconductors (NXPI), Sierra Wireless (SWIR), Estee Lauder Companies (EL) and Target (TGT).

Who are Covenant Transportation Group's key executives?

Covenant Transportation Group's management team includes the folowing people:
  • Mr. David Ray Parker, Chairman & CEO (Age 61)
  • Mr. Joey B. Hogan, Pres & COO (Age 57)
  • Mr. Richard B. Cribbs, Exec. VP, Chief Accounting Officer & CFO (Age 47)
  • Mr. T. Ryan Rogers M.B.A., Chief Transformation Officer (Age 43)
  • Mr. John A. Tweed, Exec. VP & COO of Landair Holdings Inc. (Age 53)

Who are Covenant Transportation Group's major shareholders?

Covenant Transportation Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (7.27%), BlackRock Inc. (5.88%), LSV Asset Management (2.09%), AQR Capital Management LLC (1.16%), Hotchkis & Wiley Capital Management LLC (1.00%) and Hotchkis & Wiley Capital Management LLC (1.00%). Company insiders that own Covenant Transportation Group stock include David Ray Parker, Joey B Hogan, John A Tweed, Ralph H Lovin Jr and Samuel F Hough. View Institutional Ownership Trends for Covenant Transportation Group.

Which institutional investors are selling Covenant Transportation Group stock?

CVTI stock was sold by a variety of institutional investors in the last quarter, including Oxford Asset Management LLP, Penn Capital Management Co. Inc., Hodges Capital Management Inc., Charles Schwab Investment Management Inc., Martingale Asset Management L P, Dimensional Fund Advisors LP, AQR Capital Management LLC and Wells Fargo & Company MN. Company insiders that have sold Covenant Transportation Group company stock in the last year include David Ray Parker, Joey B Hogan and Ralph H Lovin Jr. View Insider Buying and Selling for Covenant Transportation Group.

Which institutional investors are buying Covenant Transportation Group stock?

CVTI stock was bought by a variety of institutional investors in the last quarter, including LSV Asset Management, Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC, Goldman Sachs Group Inc., BlackRock Inc., FTB Advisors Inc., Assenagon Asset Management S.A. and Hancock Whitney Corp. View Insider Buying and Selling for Covenant Transportation Group.

How do I buy shares of Covenant Transportation Group?

Shares of CVTI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Covenant Transportation Group's stock price today?

One share of CVTI stock can currently be purchased for approximately $16.58.

How big of a company is Covenant Transportation Group?

Covenant Transportation Group has a market capitalization of $304.54 million and generates $885.46 million in revenue each year. The transportation company earns $42.50 million in net income (profit) each year or $2.36 on an earnings per share basis. Covenant Transportation Group employs 5,500 workers across the globe.

What is Covenant Transportation Group's official website?

The official website for Covenant Transportation Group is http://www.ctgcompanies.com/.

How can I contact Covenant Transportation Group?

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


MarketBeat Community Rating for Covenant Transportation Group (NASDAQ CVTI)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  219 (Vote Outperform)
Underperform Votes:  283 (Vote Underperform)
Total Votes:  502
MarketBeat's community ratings are surveys of what our community members think about Covenant Transportation Group and other stocks. Vote "Outperform" if you believe CVTI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CVTI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/23/2019 by MarketBeat.com Staff

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