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 stock has increased by 4.1% and is now trading at $11.60. 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 1 hold rating and 3 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) posted its quarterly earnings data on Tuesday, May, 19th. The transportation company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. The transportation company earned $213.55 million during the quarter, compared to analysts' expectations of $193.30 million. Covenant Transportation Group had a net margin of 0.21% and a return on equity of 1.51%. View Covenant Transportation Group's earnings history.

4 brokerages have issued twelve-month target prices for Covenant Transportation Group's shares. Their forecasts range from $12.00 to $17.00. On average, they expect Covenant Transportation Group's share price to reach $14.67 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price. View analysts' price targets for Covenant Transportation Group.

Press coverage about CVTI stock has been trending somewhat negative on Wednesday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Covenant Transportation Group earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned media 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 effect on the company's share price in the near future. View the latest news aboutCovenant Transportation Group.

Covenant Transportation Group saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 696,300 shares, an increase of 7.4% from the April 30th total of 648,300 shares. Based on an average trading volume of 213,900 shares, the short-interest ratio is currently 3.3 days. Currently, 5.5% of the shares of the stock are sold short. 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (8.33%), Alliancebernstein L.P. (3.22%), Weiss Multi Strategy Advisers LLC (2.95%), Russell Investments Group Ltd. (2.67%), Foundry Partners LLC (1.80%) and Scopus Asset Management L.P. (1.41%). Company insiders that own Covenant Transportation Group stock include David Ray Parker, James F Brower Jr, Joey B Hogan, John A Tweed, Ralph H Lovin Jr 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 AQR Capital Management LLC, JPMorgan Chase & Co., Alliancebernstein L.P., First Horizon Advisors Inc., Weiss Multi Strategy Advisers LLC, Ranger Investment Management L.P., Morgan Stanley, and Wedge Capital Management L L P NC. View insider buying and selling activity for Covenant Transportation Group.

CVTI stock was purchased by a variety of institutional investors in the last quarter, including Scopus Asset Management L.P., Russell Investments Group Ltd., Dynamic Technology Lab Private Ltd, Deutsche Bank AG, BlackRock Inc., Trexquant Investment LP, Invesco Ltd., and Los Angeles Capital Management & Equity Research Inc.. 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 $11.60.

Covenant Transportation Group has a market capitalization of $214.83 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]