News headlines about Covenant Transportation Group (NASDAQ:CVTI) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Covenant Transportation Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 45.9860200009205 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Covenant Transportation Group from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Friday, February 2nd. Seaport Global Securities reiterated a “neutral” rating on shares of Covenant Transportation Group in a research note on Tuesday, January 30th. Cowen reiterated a “market perform” rating and issued a $30.00 price objective (up from $25.50) on shares of Covenant Transportation Group in a research note on Tuesday, January 30th. BidaskClub lowered Covenant Transportation Group from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, ValuEngine lowered Covenant Transportation Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.67.
Covenant Transportation Group (NASDAQ:CVTI) traded down $0.40 during trading on Friday, hitting $26.37. The stock had a trading volume of 142,000 shares, compared to its average volume of 163,277. The company has a quick ratio of 1.62, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $489.62, a price-to-earnings ratio of 8.67 and a beta of 1.56. Covenant Transportation Group has a twelve month low of $15.86 and a twelve month high of $30.60.
Covenant Transportation Group (NASDAQ:CVTI) last released its earnings results on Monday, January 29th. The transportation company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Covenant Transportation Group had a return on equity of 6.63% and a net margin of 7.94%. The firm had revenue of $203.31 million for the quarter, compared to analyst estimates of $202.40 million. During the same period last year, the business earned $0.33 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. analysts predict that Covenant Transportation Group will post 1.68 earnings per share for the current year.
In related news, Chairman David Ray Parker sold 25,773 shares of Covenant Transportation Group stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $30.02, for a total transaction of $773,705.46. Following the sale, the chairman now directly owns 108,430 shares of the company’s stock, valued at $3,255,068.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 110,080 shares of company stock worth $3,303,928. 35.20% of the stock is owned by company insiders.
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Covenant Transportation Group Company Profile
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.
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