NASDAQ:CVTI - Covenant Transportation Group Stock Price, Price Target & More

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

Covenant Transportation Group, Inc. (NASDAQ:CVTI) announced its earnings results on Wednesday, April, 25th. The transportation company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The transportation company earned $173.57 million during the quarter, compared to the consensus estimate of $169.15 million. Covenant Transportation Group had a net margin of 8.32% and a return on equity of 7.34%. View Covenant Transportation Group's Earnings History.

Covenant Transportation Group issued an update on its second quarter earnings guidance on Tuesday, June, 5th. The company provided EPS guidance of $0.45-0.53 for the period, compared to the Thomson Reuters consensus estimate of $0.38.

4 brokers have issued 12 month target prices for Covenant Transportation Group's shares. Their forecasts range from $25.00 to $40.00. On average, they expect Covenant Transportation Group's share price to reach $34.00 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price. View Analyst Ratings 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 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Covenant Transportation Group include Saia (SAIA), Heartland Express (HTLD), Marten Transport (MRTN), ArcBest (ARCB), Universal Logistics (ULH), YRC Worldwide (YRCW), P.A.M. Transportation Services (PTSI), USA Truck (USAK), Celadon Group (CGI) and US Xpress Enterprises (USX).

Media headlines about CVTI stock have trended somewhat positive on Monday, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Covenant Transportation Group earned a daily sentiment score of 0.24 on Accern's scale. They also assigned media stories about the transportation company an impact score of 47.57 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Covenant Transportation Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Foundry Partners LLC (1.37%) and Bank of Montreal Can (0.55%). Company insiders that own Covenant Transportation Group stock include David Ray Parker, James F Brower Jr, Joey B Hogan, Ralph H Lovin Jr and Samuel F Hough. View Institutional Ownership Trends for Covenant Transportation Group.

CVTI stock was sold by a variety of institutional investors in the last quarter, including Foundry Partners LLC. Company insiders that have sold Covenant Transportation Group company stock in the last year include David Ray Parker, Joey B Hogan, Ralph H Lovin Jr and Samuel F Hough. View Insider Buying and Selling for Covenant Transportation Group.

CVTI stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can. 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, Scottrade, Fidelity and Charles Schwab.

One share of CVTI stock can currently be purchased for approximately $30.39.

Covenant Transportation Group has a market capitalization of $557.08 million and generates $705.01 million in revenue each year. The transportation company earns $55.43 million in net income (profit) each year or $0.84 on an earnings per share basis. Covenant Transportation Group employs 4,300 workers across the globe.

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]