Covenant Transportation Group (CVTI) Receiving Somewhat Favorable News Coverage, Analysis Finds

Media headlines about Covenant Transportation Group (NASDAQ:CVTI) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Covenant Transportation Group earned a news impact score of 0.11 on Accern’s scale. Accern also gave news stories about the transportation company an impact score of 44.7394064056753 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Several analysts have recently weighed in on CVTI shares. Zacks Investment Research raised Covenant Transportation Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. TheStreet raised Covenant Transportation Group from a “c+” rating to a “b” rating in a report on Thursday, October 19th. ValuEngine raised Covenant Transportation Group from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Stephens raised Covenant Transportation Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $20.00 to $25.00 in a research note on Monday, August 14th. Finally, Cowen reaffirmed a “buy” rating and issued a $24.00 price target on shares of Covenant Transportation Group in a research note on Monday, August 28th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $25.63.

Shares of Covenant Transportation Group (NASDAQ:CVTI) traded down $1.04 on Monday, reaching $28.92. The company’s stock had a trading volume of 117,800 shares, compared to its average volume of 113,142. The company has a current ratio of 1.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.77. Covenant Transportation Group has a 52-week low of $15.86 and a 52-week high of $30.60. The company has a market cap of $528.95, a P/E ratio of 41.91 and a beta of 1.67.

Covenant Transportation Group (NASDAQ:CVTI) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.08. Covenant Transportation Group had a return on equity of 5.30% and a net margin of 1.82%. The firm had revenue of $178.60 million during the quarter, compared to the consensus estimate of $170.10 million. During the same quarter in the previous year, the company posted $0.16 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. sell-side analysts forecast that Covenant Transportation Group will post 0.89 EPS for the current fiscal year.

In other news, President Joey B. Hogan sold 5,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $25.03, for a total transaction of $125,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Ray Parker sold 57,381 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $28.68, for a total value of $1,645,687.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 457,038 shares of company stock valued at $13,261,261. Corporate insiders own 35.20% of the company’s stock.

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About Covenant Transportation Group

Covenant Transportation Group, Inc is a provider of expedited long haul freight transportation, primarily using two-person driver teams in transcontinental lanes. The Company’s services also include refrigerated, dedicated, cross-border, regional and brokerage. The Company’s segments include Truckload and Other.

Insider Buying and Selling by Quarter for Covenant Transportation Group (NASDAQ:CVTI)

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