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 reached pandemic status according to the World Health Organization. Since then, CVTI shares have increased by 25.2% and is now trading at $13.95. View which stocks have been most impacted by Coronavirus.

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.

Covenant Transportation Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Covenant Transportation Group.

Covenant Transportation Group, Inc. (NASDAQ:CVTI) issued its quarterly earnings data on Tuesday, May, 19th. The transportation company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 0.21% and a return on equity of 1.54%. View Covenant Transportation Group's earnings history.

4 equities research analysts have issued twelve-month price targets for Covenant Transportation Group's stock. 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 year. This suggests a possible upside of 14.7% from the stock's current price. View analysts' price targets for Covenant Transportation Group.

Media stories about CVTI stock have been trending somewhat negative recently, according to InfoTrie. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Covenant Transportation Group earned a media sentiment score of -1.5 on InfoTrie's scale. They also assigned headlines 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 stock's share price in the near term. View the latest news about Covenant Transportation Group.

Covenant Transportation Group saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 487,200 shares, a drop of 19.3% from the June 15th total of 604,000 shares. Based on an average daily volume of 221,500 shares, the short-interest ratio is currently 2.2 days. Approximately 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). View all competitors.

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 Wedge Capital Management L L P NC (0.30%). 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 purchased by a variety of institutional investors in the last quarter, including 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]