NASDAQ:CVTICovenant Transportation Group Stock Price, Forecast & News

Covenant Transportation Group's stock was trading at $11.14 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CVTI stock has increased by 42.5% and is now trading at $15.88. 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) posted its quarterly earnings results 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 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 12-month target prices for Covenant Transportation Group's shares. Their forecasts range from $12.00 to $20.00. On average, they expect Covenant Transportation Group's share price to reach $16.00 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price. View analysts' price targets for Covenant Transportation Group.

News stories about CVTI stock have trended neutral recently, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of 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 0.4 on InfoTrie's scale. They also assigned news headlines 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 company's share price in the next several days. View the latest news about Covenant Transportation Group.

Covenant Transportation Group saw a decrease in short interest in June. As of June 30th, there was short interest totaling 487,200 shares, a decrease of 19.3% from the June 15th total of 604,000 shares. Based on an average trading volume of 221,500 shares, the days-to-cover ratio is presently 2.2 days. Currently, 4.2% of the shares of the company 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 a number of retail and institutional investors. Top institutional shareholders 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 bought 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 $15.88.

Covenant Transportation Group has a market capitalization of $271.34 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]