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Covenant Transportation Group Stock Forecast, Price & News

0.00 (0.00 %)
(As of 07/2/2020)
Today's Range
Now: $13.95
50-Day Range
MA: $13.95
52-Week Range
Now: $13.95
Volume226,700 shs
Average Volume210,444 shs
Market Capitalization$238.36 million
P/E Ratio139.50
Dividend YieldN/A
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.
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Beat the Market (BTM) Rank

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

Industry Trucking, except local
Current SymbolNASDAQ:CVTI



Sales & Book Value

Annual Sales$894.53 million
Cash Flow$4.96 per share
Book Value$18.91 per share


Net Income$8.48 million


Market Cap$238.36 million
Next Earnings DateN/A
0.00 (0.00 %)
(As of 07/2/2020)
30 days | 90 days | 365 days | Advanced Chart

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Covenant Transportation Group (NASDAQ:CVTI) Frequently Asked Questions

How has Covenant Transportation Group's stock been impacted by Coronavirus (COVID-19)?

Covenant Transportation Group's stock was trading at $11.14 on March 11th, 2020 when Coronavirus (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) announced its quarterly earnings results on Tuesday, May, 19th. The transportation company reported ($0.09) EPS for the quarter, beating the Zacks' consensus estimate of ($0.10) by $0.01. The transportation company had revenue of $213.55 million for 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 brokerages have issued 12 month target prices 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?

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 institutional and retail 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 bought 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 9/26/2020 by MarketBeat.com Staff

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