NASDAQ:CVTICovenant Transportation Group Stock Price, Forecast & News

Covenant Transportation Group's stock was trading at $11.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CVTI shares have increased by 25.2% and is now trading at $13.95.
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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."
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Covenant Transportation Group, Inc. (NASDAQ:CVTI) released its quarterly earnings data on Tuesday, May, 19th. The transportation company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The transportation company had revenue of $213.55 million for the quarter, compared to analyst estimates 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.

4 Wall Street analysts have issued twelve-month price objectives for Covenant Transportation Group's shares. Their forecasts range from $12.00 to $20.00. On average, they anticipate Covenant Transportation Group's stock price to reach $16.00 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price.
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News articles about CVTI stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Covenant Transportation Group earned a coverage optimism score of 1.8 on InfoTrie's scale. They also gave media coverage about the transportation company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about Covenant Transportation Group.

Covenant Transportation Group saw a decrease in short interest in June. As of June 30th, there was short interest totaling 487,200 shares, a decrease of 19.3% from the June 15th total of 604,000 shares. Based on an average daily trading volume, of 221,500 shares, the days-to-cover ratio is currently 2.2 days. Currently, 4.2% 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), US Xpress Enterprises (USX), P.A.M. Transportation Services (PTSI), YRC Worldwide (YRCW), USA Truck (USAK) and Celadon Group (CGIP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Covenant Transportation Group investors own include NXP Semiconductors (NXPI), AMC Entertainment (AMC), Advanced Micro Devices (AMD), iShares Nasdaq Biotechnology ETF (IBB), Intel (INTC), Target (TGT), Alibaba Group (BABA), Teekay Tankers (TNK), Verizon Communications (VZ) and Activision Blizzard (ATVI).

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

Covenant Transportation Group's stock is owned by many different institutional and retail investors. Top institutional investors include Foundry Partners LLC (2.15%), First Horizon Advisors Inc. (0.96%), Wedge Capital Management L L P NC (0.30%), First Trust Advisors LP (0.15%), Hodges Capital Management Inc. (0.11%) and Triton Wealth Management PLLC (0.07%). Company insiders that own Covenant Transportation Group stock include James F Brower Jr, Joey B Hogan, John A Tweed 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 UBS Group AG.
View insider buying and selling activity for Covenant Transportation Group.

CVTI stock was acquired by a variety of institutional investors in the last quarter, including First Horizon Advisors Inc., Foundry Partners LLC, Hodges Capital Management Inc., Triton Wealth Management PLLC, First Trust Advisors LP, and Wedge Capital Management L L P NC. 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.

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 $13.95.

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.

The official website for Covenant Transportation Group is www.covenanttransport.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]