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

$15.03
-0.13 (-0.86 %)
(As of 11/14/2019 01:38 PM ET)
Today's Range
$14.92
Now: $15.03
$15.18
50-Day Range
$14.94
MA: $15.83
$16.97
52-Week Range
$13.27
Now: $15.03
$24.99
Volume1,594 shs
Average Volume117,744 shs
Market Capitalization$277.45 million
P/E Ratio6.37
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$6.48 per share
Book Value$18.68 per share

Profitability

Net Income$42.50 million

Miscellaneous

Employees5,500
Market Cap$277.45 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) EPS for the quarter, missing the consensus estimate of $0.03 by $0.11. The transportation company had revenue of $222.91 million for 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 guidance of ($0.08)-(0.09) for the period, compared to the Thomson Reuters consensus estimate of $0.25.

What price target have analysts set for CVTI?

3 equities research analysts have issued 12 month price targets for Covenant Transportation Group's shares. Their forecasts range from $18.00 to $25.00. On average, they anticipate Covenant Transportation Group's stock price to reach $21.33 in the next year. This suggests a possible upside of 41.8% 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 been trending somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by monitoring 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 sentiment score of -1.4 on InfoTrie's scale. They also assigned press coverage about the transportation company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Covenant Transportation Group.

Are investors shorting Covenant Transportation Group?

Covenant Transportation Group saw a increase in short interest during the month of 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 trading volume of 120,200 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.2% 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 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 shareholders 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 $15.04.

How big of a company is Covenant Transportation Group?

Covenant Transportation Group has a market capitalization of $277.64 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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