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NASDAQ:CVTICovenant Transportation Group Stock Price, Forecast & News

$7.50
+0.88 (+13.30 %)
(As of 04/6/2020 02:09 PM ET)
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Compare
Today's Range
$6.64
Now: $7.50
$7.59
50-Day Range
$7.24
MA: $11.78
$15.75
52-Week Range
$6.54
Now: $7.50
$20.98
Volume146,281 shs
Average Volume239,340 shs
Market Capitalization$138.81 million
P/E Ratio16.29
Dividend YieldN/A
Beta1.57
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

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.75 out of 5 stars


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$5.64 per share
Book Value$18.91 per share

Profitability

Net Income$8.48 million

Miscellaneous

Employees5,550
Market Cap$138.81 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 COVID-19 reached pandemic status according to the World Health Organization. Since then, CVTI stock has decreased by 32.7% and is now trading at $7.4950. 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 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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 quarterly earnings data on Thursday, January, 23rd. The transportation company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. The transportation company had revenue of $233.14 million for the quarter, compared to the consensus estimate of $225.20 million. Covenant Transportation Group had a return on equity of 3.41% and a net margin of 0.95%. View Covenant Transportation Group's earnings history.

What price target have analysts set for CVTI?

4 brokerages have issued 1-year price objectives for Covenant Transportation Group's shares. Their forecasts range from $10.00 to $19.00. On average, they expect Covenant Transportation Group's stock price to reach $15.67 in the next twelve months. This suggests a possible upside of 109.0% from the stock's current price. View analysts' price targets for Covenant Transportation Group.

Has Covenant Transportation Group been receiving favorable news coverage?

News headlines about CVTI stock have been trending very negative this week, InfoTrie reports. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Covenant Transportation Group earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned media stories about the transportation company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. 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 days-to-cover ratio is currently 4.7 days. Approximately 6.3% of the company's 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 $7.50.

How big of a company is Covenant Transportation Group?

Covenant Transportation Group has a market capitalization of $138.81 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]

This page was last updated on 4/6/2020 by MarketBeat.com Staff

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