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

$9.00
-0.70 (-7.22 %)
(As of 03/31/2020 04:11 AM ET)
Today's Range
$8.93
Now: $9.00
$9.61
50-Day Range
$9.00
MA: $12.09
$15.75
52-Week Range
$8.72
Now: $9.00
$20.98
Volume233,747 shs
Average Volume205,845 shs
Market Capitalization$166.64 million
P/E Ratio19.57
Dividend YieldN/A
Beta1.42
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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Covenant Transportation Group logo

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$894.53 million
Cash Flow$4.62 per share
Book Value$18.91 per share

Profitability

Net Income$8.48 million

Miscellaneous

Employees5,550
Market Cap$166.64 million
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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Covenant Transportation Group (NASDAQ:CVTI) Frequently Asked Questions

How has Covenant Transportation Group's stock been impacted by COVID-19 (Coronavirus)?

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.

Do Wall Street analysts recommend investors buy shares of 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 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Covenant Transportation Group.

When is Covenant Transportation Group's next earnings date?

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.

How were Covenant Transportation Group's earnings last quarter?

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.

What price target have analysts set for CVTI?

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.

Has Covenant Transportation Group been receiving favorable news coverage?

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.

Are investors shorting Covenant 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.

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 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).

Who are Covenant Transportation Group's key executives?

Covenant Transportation Group's management team includes the following 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)

What is Covenant Transportation Group's stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is Covenant Transportation Group's stock price today?

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

How big of a company is Covenant Transportation Group?

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.

What is Covenant Transportation Group's official website?

The official website for Covenant Transportation Group is http://www.covenanttransport.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:  2.1 out of 5 (star star)
Outperform Votes:  271 (Thanks for Voting!)
Underperform Votes:  378 (Thanks for Voting!)
Total Votes:  649
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 3/31/2020 by MarketBeat.com Staff

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