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) announced its earnings results on Tuesday, October, 22nd. The transportation company reported ($0.08) EPS for the quarter, missing the Zacks' consensus estimate of $0.03 by $0.11. The transportation company had revenue of $222.91 million for the quarter, compared to the consensus estimate of $209.50 million. Covenant Transportation Group had a net margin of 2.55% and a return on equity of 7.79%. 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.

4 brokerages have issued 1 year price targets 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 year. 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.

Media headlines about CVTI stock have been trending negative recently, InfoTrie reports. The research firm identifies negative and positive media coverage by reviewing 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 positive five, with scores nearest to five being the most favorable. Covenant Transportation Group earned a coverage optimism score of -2.0 on InfoTrie's scale. They also gave headlines about the transportation company a news buzz of 0.0 out of 10, meaning that recent media 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.

Covenant Transportation Group saw a increase in short interest in the month of 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 trading volume of 122,900 shares, the days-to-cover ratio is currently 5.0 days. Currently, 4.9% of the company's shares 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 variety of of institutional and retail 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 acquired 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 $258.82 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]