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Covenant Transportation Group Stock Price, Forecast & Analysis (NASDAQ:CVTI)

$14.88
-0.28 (-1.85 %)
(As of 11/14/2019 04:00 PM ET)
Today's Range
$14.84
Now: $14.88
$15.23
50-Day Range
$14.94
MA: $15.83
$16.97
52-Week Range
$13.27
Now: $14.88
$24.99
Volume73,800 shs
Average Volume128,380 shs
Market Capitalization$274.66 million
P/E Ratio6.31
Dividend YieldN/A
Beta1.66
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. Read More…

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$6.41 per share
Book Value$18.68 per share

Profitability

Net Income$42.50 million

Miscellaneous

Employees5,500
Market Cap$274.66 million
Next Earnings Date1/22/2020 (Estimated)
OptionableOptionable

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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 were Covenant Transportation Group's earnings last quarter?

Covenant Transportation Group, Inc. (NASDAQ:CVTI) released its quarterly earnings data on Tuesday, October, 22nd. The transportation company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by $0.11. The transportation company earned $222.91 million during the quarter, compared to analysts' expectations of $209.50 million. Covenant Transportation Group had a net margin of 2.55% and a return on equity of 7.80%. 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, January 22nd 2020. View Earnings Estimates for Covenant Transportation Group.

What guidance has Covenant Transportation Group issued on next quarter's earnings?

Covenant Transportation Group updated its third quarter earnings guidance on Thursday, October, 17th. The company provided earnings per share (EPS) guidance of ($0.08)-(0.09) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.25.

What price target have analysts set for CVTI?

3 Wall Street analysts have issued 1-year target prices for Covenant Transportation Group's stock. Their forecasts range from $18.00 to $25.00. On average, they expect Covenant Transportation Group's stock price to reach $21.33 in the next twelve months. This suggests a possible upside of 43.4% from the stock's current price. View Analyst Price Targets for Covenant Transportation Group.

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

3 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 1 buy rating 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?

Media stories about CVTI stock have trended somewhat negative on Thursday, according to InfoTrie. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Covenant Transportation Group earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned news articles about the transportation company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Covenant Transportation Group.

Are investors shorting Covenant Transportation Group?

Covenant Transportation Group saw a increase in short interest in October. As of October 31st, there was short interest totalling 400,500 shares, an increase of 27.1% from the September 30th total of 315,000 shares. Based on an average daily trading volume, of 120,200 shares, the days-to-cover ratio is currently 3.3 days. Approximately 3.2% of the company's stock are sold short. 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 iShares Nasdaq Biotechnology ETF (IBB), NXP Semiconductors (NXPI), AMC Entertainment (AMC), Celgene (CELG), Intel (INTC), Lannett (LCI), Nike (NKE), Micron Technology (MU), Sierra Wireless (SWIR) and Estee Lauder Companies (EL).

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 many different of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (1.34%), FTB Advisors Inc. (0.76%), Foundry Partners LLC (0.70%), Assenagon Asset Management S.A. (0.59%), Commonwealth Equity Services LLC (0.17%) and First Trust Advisors LP (0.15%). Company insiders that own Covenant Transportation Group stock include David Ray Parker, James F Brower Jr, Joey B Hogan, John A Tweed, Ralph H Lovin Jr and Robert E Bosworth. View Institutional Ownership Trends for Covenant Transportation Group.

Which major investors are selling Covenant Transportation Group stock?

CVTI stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Hancock Whitney Corp and Janney Montgomery Scott LLC. View Insider Buying and Selling for Covenant Transportation Group.

Which major investors are buying Covenant Transportation Group stock?

CVTI stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Foundry Partners LLC, FTB Advisors Inc., First Trust Advisors LP, Rhumbline Advisers and Commonwealth Equity Services LLC. Company insiders that have bought Covenant Transportation Group stock in the last two years include John A Tweed and Robert E Bosworth. 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, 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 $14.88.

How big of a company is Covenant Transportation Group?

Covenant Transportation Group has a market capitalization of $274.66 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.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.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:  2.1 out of 5 (star star)
Outperform Votes:  246 (Vote Outperform)
Underperform Votes:  334 (Vote Underperform)
Total Votes:  580
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 11/14/2019 by MarketBeat.com Staff

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