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

Covenant Transportation Group's stock was trading at $11.14 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CVTI shares have decreased by 19.2% and is now trading at $9.00. View which stocks have been mosted impacted by Coronavirus.

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

Covenant Transportation Group is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Covenant Transportation Group.

Covenant Transportation Group, Inc. (NASDAQ:CVTI) announced its earnings results on Thursday, January, 23rd. The transportation company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The transportation company earned $233.14 million during the quarter, compared to analysts' expectations of $225.20 million. Covenant Transportation Group had a net margin of 0.95% and a return on equity of 3.41%. View Covenant Transportation Group's earnings history.

4 Wall Street analysts have issued twelve-month target prices for Covenant Transportation Group's stock. Their forecasts range from $18.00 to $19.00. On average, they anticipate Covenant Transportation Group's share price to reach $18.50 in the next year. This suggests a possible upside of 105.6% from the stock's current price. View analysts' price targets for Covenant Transportation Group.

Headlines about CVTI stock have trended somewhat negative on Tuesday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Covenant Transportation Group earned a news impact score of -1.4 on InfoTrie's scale. They also gave headlines about the transportation company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutCovenant Transportation Group.

Covenant Transportation Group saw a increase in short interest in March. As of March 13th, there was short interest totaling 802,600 shares, an increase of 6.6% from the February 27th total of 753,200 shares. Based on an average trading volume of 169,100 shares, the short-interest ratio is presently 4.7 days. Approximately 6.3% of the shares of the stock are short sold. View Covenant Transportation Group's Current Options Chain.

Some companies that are related to Covenant Transportation Group include ArcBest (ARCB), Universal Logistics (ULH), P.A.M. Transportation Services (PTSI), US Xpress Enterprises (USX), YRC Worldwide (YRCW), USA Truck (USAK) and Celadon Group (CGIP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Covenant Transportation Group investors own include NXP Semiconductors (NXPI), AMC Entertainment (AMC), iShares Nasdaq Biotechnology ETF (IBB), Intel (INTC), Lannett (LCI), Nike (NKE), Verizon Communications (VZ), Advanced Micro Devices (AMD), Estee Lauder Companies (EL) and AT&T (T).

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

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, Robinhood, Fidelity, and Charles Schwab.

One share of CVTI stock can currently be purchased for approximately $9.00.

Covenant Transportation Group has a market capitalization of $166.64 million and generates $894.53 million in revenue each year. The transportation company earns $8.48 million in net income (profit) each year or $0.61 on an earnings per share basis. Covenant Transportation Group employs 5,550 workers across the globe. View additional information about Covenant Transportation Group.

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

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]