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) issued its quarterly earnings results on Wednesday, April, 25th. The transportation company reported $0.24 EPS for the quarter, beating the Thomson Reuters' consensus estimate 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 earnings per share (EPS) guidance of $0.45-0.53 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.38.

4 brokerages have issued 1 year price targets for Covenant Transportation Group's stock. Their forecasts range from $25.00 to $40.00. On average, they anticipate Covenant Transportation Group's share price to reach $34.00 in the next twelve months. This suggests a possible upside of 13.6% 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 U.S. Xpress Enterprises (USX).

Media coverage about CVTI stock has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Covenant Transportation Group earned a media sentiment score of 0.20 on Accern's scale. They also assigned news stories about the transportation company an impact score of 44.76 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Covenant Transportation Group's stock is owned by many different of retail and institutional investors. Top institutional investors include 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 purchased 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 $29.92.

Covenant Transportation Group has a market capitalization of $544.80 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]