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) released its earnings results 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 earned $222.91 million during the quarter, compared to analysts' expectations of $209.50 million. Covenant Transportation Group had a return on equity of 7.79% and a net margin of 2.55%. View Covenant Transportation Group's Earnings History.

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

Covenant Transportation Group will be holding an earnings conference call on Thursday, January 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

4 Wall Street analysts have issued twelve-month price targets for Covenant Transportation Group's stock. 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 twelve months. This suggests a possible upside of 52.2% 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 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Covenant Transportation Group.

News articles about CVTI stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Covenant Transportation Group earned a media sentiment score of -3.8 on InfoTrie's scale. They also gave news 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 effect on the stock's share price in the near future. View News Stories for Covenant Transportation Group.

Covenant Transportation Group saw a increase in short interest in December. As of December 31st, there was short interest totalling 611,100 shares, an increase of 19.3% from the December 15th total of 512,200 shares. Based on an average daily volume of 122,900 shares, the short-interest ratio is presently 5.0 days. Currently, 4.9% of the company's stock 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 iShares Nasdaq Biotechnology ETF (IBB), NXP Semiconductors (NXPI), AMC Entertainment (AMC), Intel (INTC), Nike (NKE), Celgene (CELG), Estee Lauder Companies (EL), Lannett (LCI), Target (TGT) and Teekay Tankers (TNK).

Covenant Transportation Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FTB Advisors Inc. (0.81%) and Wedge Capital Management L L P NC (0.39%). 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 bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC and FTB Advisors 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 $14.02.

Covenant Transportation Group has a market capitalization of $258.81 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.

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]