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NASDAQ:CVTICovenant Transportation Group Stock Price, Forecast & News

$10.67
+0.16 (+1.52 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$10.40
Now: $10.67
$11.58
50-Day Range
$6.61
MA: $8.06
$10.51
52-Week Range
$6.54
Now: $10.67
$18.62
Volume434,388 shs
Average Volume213,785 shs
Market Capitalization$197.57 million
P/E Ratio106.70
Dividend YieldN/A
Beta1.4
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.80 out of 5 stars


Industry, Sector and Symbol

Industry Trucking, except local
Sub-IndustryN/A
SectorTransportation
Current SymbolNASDAQ:CVTI
CUSIPN/A
Phone423-821-1212

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$894.53 million
Cash Flow$4.96 per share
Book Value$18.91 per share

Profitability

Net Income$8.48 million

Miscellaneous

Employees5,550
Market Cap$197.57 million
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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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 4.2% and is now trading at $10.67. 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 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 Wednesday, July 22nd 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 results on Tuesday, May, 19th. The transportation company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate 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.

What price target have analysts set for CVTI?

4 Wall Street analysts have issued twelve-month price targets for Covenant Transportation Group's shares. Their forecasts range from $12.00 to $17.00. On average, they anticipate Covenant Transportation Group's share price to reach $14.67 in the next twelve months. This suggests a possible upside of 37.5% from the stock's current price. View analysts' price targets for Covenant Transportation Group.

Has Covenant Transportation Group been receiving favorable news coverage?

Media headlines about CVTI stock have been trending very positive this week, according to InfoTrie. The research group scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. 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 news sentiment score of 4.0 on InfoTrie's scale. They also assigned media stories about the transportation company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact 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 during 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 daily volume of 213,900 shares, the short-interest ratio is presently 3.3 days. Approximately 5.5% of the shares of the stock are short sold. View Covenant Transportation Group's Current Options Chain.

Who are some of Covenant Transportation Group's key competitors?

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), 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).

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."

Who are Covenant Transportation Group's major shareholders?

Covenant Transportation Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders 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.

Which major investors are selling Covenant Transportation Group stock?

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.

Which major investors are buying Covenant Transportation Group stock?

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.

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 $10.67.

How big of a company is Covenant Transportation Group?

Covenant Transportation Group has a market capitalization of $197.57 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.

What is Covenant Transportation Group's official website?

The official website for Covenant Transportation Group is 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 5/25/2020 by MarketBeat.com Staff

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