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

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

Covenant Transportation Group, Inc. (NASDAQ:CVTI) issued its quarterly earnings data on Thursday, January, 23rd. The transportation company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks' 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 3.42%. View Covenant Transportation Group's Earnings History.

Covenant Transportation Group is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for Covenant Transportation Group.

4 analysts have issued 12 month target prices for Covenant Transportation Group's shares. Their forecasts range from $18.00 to $25.00. On average, they expect Covenant Transportation Group's share price to reach $20.67 in the next year. This suggests a possible upside of 38.1% from the stock's current price. View Analyst Price Targets for 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 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Covenant Transportation Group.

Media stories about CVTI stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. 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 -3.0 on InfoTrie's scale. They also gave news 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 effect on the company's share price in the next several days. View News Stories for Covenant Transportation Group.

Covenant Transportation Group saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 791,300 shares, an increase of 29.5% from the January 15th total of 611,100 shares. Based on an average daily trading volume, of 135,500 shares, the short-interest ratio is presently 5.8 days. Currently, 6.2% of the shares of the company 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's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Alliancebernstein L.P. (3.72%), LSV Asset Management (3.40%), Hotchkis & Wiley Capital Management LLC (2.15%), Foundry Partners LLC (1.83%), Russell Investments Group Ltd. (1.69%) and State Street Corp (1.39%). 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.

CVTI stock was sold by a variety of institutional investors in the last quarter, including Scopus Asset Management L.P., LSV Asset Management, Acadian Asset Management LLC, Bank of America Corp DE, AQR Capital Management LLC, Stifel Financial Corp, Connor Clark & Lunn Investment Management Ltd. and Renaissance Technologies LLC. View Insider Buying and Selling for Covenant Transportation Group.

CVTI stock was purchased by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Hotchkis & Wiley Capital Management LLC, Alliancebernstein L.P., Russell Investments Group Ltd., Bank of Montreal Can, California Public Employees Retirement System, Wedge Capital Management L L P NC and Victory Capital Management Inc.. 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.

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 $14.97.

Covenant Transportation Group has a market capitalization of $276.36 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 5,500 workers across the globe.View Additional Information About Covenant Transportation Group.

The official website for Covenant Transportation Group is http://www.ctgcompanies.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]