NASDAQ:CVTICovenant Transportation Group Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Covenant Transportation Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $8.07 +0.20 (+2.54 %) (As of 04/9/2020 07:42 AM ET) Add Compare Share Today's Range$7.64Now: $8.07▼$8.4250-Day Range$6.61MA: $11.01▼$15.7552-Week Range$6.54Now: $8.07▼$20.98Volume189,971 shsAverage Volume243,487 shsMarket Capitalization$149.46 millionP/E Ratio17.54Dividend YieldN/ABeta1.57 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.1 Analyst's Opinion Consensus RatingCovenant Transportation Group has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.67, Covenant Transportation Group has a potential upside of 94.1% from its current price of $8.07.Amount of Analyst CoverageCovenant Transportation Group has only been the subject of 3 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesCovenant Transportation Group has received 272 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCovenant Transportation Group has received 383 “underperform” votes. (Add your “underperform” vote.)Community SentimentCovenant Transportation Group has received 58.47% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Covenant Transportation Group and other stocks. Vote “Outperform” if you believe CVTI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CVTI will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 0.0 Dividend Strength Dividend YieldCovenant Transportation Group does not currently pay a dividend.Dividend GrowthCovenant Transportation Group does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Covenant Transportation Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 31.60% of the stock of Covenant Transportation Group is held by insiders.Percentage Held by Institutions63.81% of the stock of Covenant Transportation Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Covenant Transportation Group are expected to grow by 65.00% in the coming year, from $1.00 to $1.65 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Covenant Transportation Group is 17.54, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.70.Price to Earnings Ratio vs. SectorThe P/E ratio of Covenant Transportation Group is 17.54, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 10.64.Price to Book Value per Share RatioCovenant Transportation Group has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.1Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.75 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Trucking, except local Sub-IndustryN/A SectorTransportation Current SymbolNASDAQ:CVTI Previous Symbol CUSIPN/A CIK928658 Webhttp://www.covenanttransport.com/ Phone423-821-1212Debt Debt-to-Equity Ratio0.76 Current Ratio1.58 Quick Ratio1.55Price-To-Earnings Trailing P/E Ratio17.54 Forward P/E Ratio8.07 P/E GrowthN/A Sales & Book Value Annual Sales$894.53 million Price / Sales0.17 Cash Flow$5.11 per share Price / Cash Flow1.58 Book Value$18.91 per share Price / Book0.43Profitability EPS (Most Recent Fiscal Year)$0.61 Net Income$8.48 million Net Margins0.95% Return on Equity3.41% Return on Assets1.38%Miscellaneous Employees5,550 Outstanding Shares18,520,000Market Cap$149.46 million Next Earnings Date4/23/2020 (Estimated) OptionableOptionable Receive CVTI News and Ratings via Email Sign-up to receive the latest news and ratings for CVTI and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:CVTI Rates by TradingView Covenant Transportation Group (NASDAQ:CVTI) Frequently Asked Questions How has Covenant Transportation Group's stock been impacted by COVID-19 (Coronavirus)? 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 (WHO). Since then, CVTI shares have decreased by 27.6% and is now trading at $8.07. View which stocks have been most impacted by Coronavirus. 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 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Covenant Transportation Group. When is Covenant Transportation Group's next earnings date? Covenant Transportation Group is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Covenant Transportation Group. How were Covenant Transportation Group's earnings last quarter? Covenant Transportation Group, Inc. (NASDAQ:CVTI) released its quarterly earnings data on Thursday, January, 23rd. The transportation company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.05 by $0.05. The transportation company earned $233.14 million during the quarter, compared to analysts' expectations of $225.20 million. Covenant Transportation Group had a return on equity of 3.41% and a net margin of 0.95%. View Covenant Transportation Group's earnings history. What price target have analysts set for CVTI? 4 equities research analysts have issued 1-year price targets for Covenant Transportation Group's stock. Their forecasts range from $10.00 to $19.00. On average, they expect Covenant Transportation Group's share price to reach $15.67 in the next twelve months. This suggests a possible upside of 94.1% from the stock's current price. View analysts' price targets for Covenant Transportation Group. Has Covenant Transportation Group been receiving favorable news coverage? News headlines about CVTI stock have trended very negative recently, according to InfoTrie. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Covenant Transportation Group earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave news stories about the transportation company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutCovenant Transportation Group. Are investors shorting Covenant Transportation Group? Covenant Transportation Group saw a increase in short interest in March. As of March 13th, there was short interest totaling 802,600 shares, an increase of 6.6% from the February 27th total of 753,200 shares. Based on an average daily volume of 169,100 shares, the days-to-cover ratio is presently 4.7 days. Currently, 6.3% of the shares of the company are sold short. View Covenant Transportation Group's Current Options Chain. Who are some of Covenant Transportation Group's key competitors? Some companies that are related to Covenant Transportation Group include ArcBest (ARCB), Universal Logistics (ULH), P.A.M. Transportation Services (PTSI), US Xpress Enterprises (USX), YRC Worldwide (YRCW), USA Truck (USAK) and Celadon Group (CGIP). 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 NXP Semiconductors (NXPI), AMC Entertainment (AMC), iShares Nasdaq Biotechnology ETF (IBB), Intel (INTC), Lannett (LCI), Nike (NKE), Verizon Communications (VZ), Advanced Micro Devices (AMD), Estee Lauder Companies (EL) 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." 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 $8.07. How big of a company is Covenant Transportation Group? Covenant Transportation Group has a market capitalization of $149.46 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. View additional information about Covenant Transportation Group. What is Covenant Transportation Group's official website? The official website for Covenant Transportation Group is http://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 4/9/2020 by MarketBeat.com StaffFeatured Article: What is an overbought condition?
