NASDAQ:CVTI Covenant Transportation Group Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Covenant Transportation Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $13.95 0.00 (0.00 %) (As of 07/2/2020) Add Compare Share Today's Range$13.73Now: $13.95▼$14.4450-Day Range$13.95MA: $13.95▼$13.9552-Week Range$6.54Now: $13.95▼$18.62Volume226,700 shsAverage Volume210,444 shsMarket Capitalization$238.36 millionP/E Ratio139.50Dividend YieldN/ABeta1.51 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.5 Analyst's Opinion Consensus RatingCovenant Transportation Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.00, Covenant Transportation Group has a forecasted upside of 14.7% from its current price of $13.95.Amount of Analyst CoverageCovenant Transportation Group has received no research coverage in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesCovenant Transportation Group has received 278 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCovenant Transportation Group has received 384 “underperform” votes. (Add your “underperform” vote.)Community SentimentCovenant Transportation Group has received 58.01% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldCovenant Transportation Group does not currently pay a dividend.Dividend GrowthCovenant Transportation Group does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Covenant Transportation Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 32.50% of the stock of Covenant Transportation Group is held by insiders.Percentage Held by Institutions53.62% of the stock of Covenant Transportation Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Covenant Transportation Group are expected to grow by 600.00% in the coming year, from $0.16 to $1.12 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Covenant Transportation Group is 139.50, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.04.Price to Earnings Ratio vs. SectorThe P/E ratio of Covenant Transportation Group is 139.50, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 17.83.Price to Book Value per Share RatioCovenant Transportation Group has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.5Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.62 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Trucking, except local Sub-IndustryN/A SectorTransportation Current SymbolNASDAQ:CVTI Previous Symbol CUSIPN/A CIK928658 Webwww.covenanttransport.com Phone423-821-1212Debt Debt-to-Equity Ratio0.88 Current Ratio1.68 Quick Ratio1.66Price-To-Earnings Trailing P/E Ratio139.50 Forward P/E Ratio87.19 P/E GrowthN/A Sales & Book Value Annual Sales$894.53 million Price / Sales0.27 Cash Flow$4.96 per share Price / Cash Flow2.81 Book Value$18.91 per share Price / Book0.74Profitability EPS (Most Recent Fiscal Year)$0.61 Net Income$8.48 million Net Margins0.21% Return on Equity1.54% Return on Assets0.60%Miscellaneous Employees5,550 Outstanding Shares17,087,000Market Cap$238.36 million Next Earnings DateN/A OptionableOptionable $13.95 0.00 (0.00 %) (As of 07/2/2020) 30 days | 90 days | 365 days | Advanced Chart Receive CVTI News and Ratings via Email Sign-up to receive the latest news and ratings for CVTI and its competitors with MarketBeat's FREE daily newsletter. Covenant Transportation Group (NASDAQ:CVTI) Frequently Asked Questions How has Covenant Transportation Group's stock been impacted by COVID-19? 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 increased by 25.2% and is now trading at $13.95. View which stocks have been most impacted by COVID-19. 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Covenant Transportation Group. How were Covenant Transportation Group's earnings last quarter? Covenant Transportation Group, Inc. (NASDAQ:CVTI) released its quarterly earnings results on Tuesday, May, 19th. The transportation company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.10) by $0.01. The transportation company earned $213.55 million during the quarter, compared to the consensus estimate of $193.30 million. Covenant Transportation Group had a return on equity of 1.54% and a net margin of 0.21%. View Covenant Transportation Group's earnings history. What price target have analysts set for CVTI? 4 analysts have issued 12-month price objectives for Covenant Transportation Group's shares. Their forecasts range from $12.00 to $20.00. On average, they expect Covenant Transportation Group's share price to reach $16.00 in the next year. This suggests a possible upside of 14.7% from the stock's current price. View analysts' price targets for Covenant Transportation Group. Who are some of Covenant Transportation Group's key competitors? Some companies that are related to Covenant Transportation Group include ArcBest (ARCB), Universal Logistics (ULH), US Xpress Enterprises (USX), CovenantLogisticsGroupInc . (CVLG), P.A.M. Transportation Services (PTSI), YRC Worldwide (YRCW), USA Truck (USAK), Celadon Group (CGIP) and Celadon Group (CGIPQ). View all 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 Intel (INTC), Pfizer (PFE), NXP Semiconductors (NXPI), NVIDIA (NVDA), Target (TGT), Advanced Micro Devices (AMD), Alibaba Group (BABA), Inovio Pharmaceuticals (INO), Micron Technology (MU) 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." Who are Covenant Transportation Group's major shareholders? Covenant Transportation Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Foundry Partners LLC (2.15%), Russell Investments Group Ltd. (1.96%), FMR LLC (1.06%), FMR LLC (1.06%), First Horizon Advisors Inc. (0.96%) and Nuveen Asset Management LLC (0.82%). Company insiders that own Covenant Transportation Group stock include James F Brower Jr, John A Tweed 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 Russell Investments Group Ltd., Bank of America Corp DE, AQR Capital Management LLC, UBS Group AG, and Jacobs Levy Equity Management Inc.. View insider buying and selling activity for Covenant Transportation Group. Which major investors are buying Covenant Transportation Group stock? CVTI stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, FMR LLC, First Horizon Advisors Inc., Foundry Partners LLC, Hodges Capital Management Inc., Stifel Financial Corp, Marshall Wace LLP, and Triton Wealth Management PLLC. 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 activity 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 $13.95. How big of a company is Covenant Transportation Group? Covenant Transportation Group has a market capitalization of $238.36 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 5,550 workers across the globe. What is Covenant Transportation Group's official website? The official website for Covenant Transportation Group is 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 9/24/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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