Covenant Transportation Group (CVTI) Earns Coverage Optimism Score of 0.22

Media coverage about Covenant Transportation Group (NASDAQ:CVTI) has trended somewhat positive on Tuesday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Covenant Transportation Group earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned headlines about the transportation company an impact score of 45.0272785594883 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern’s scoring:

Several research analysts have recently weighed in on the company. 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 upped their target price for the stock from $20.00 to $25.00 in a research note on Monday, August 14th. Zacks Investment Research raised Covenant Transportation Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub raised Covenant Transportation Group from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, Cowen and Company reissued a “buy” rating and issued a $24.00 price objective on shares of Covenant Transportation Group in a research note on Monday, August 28th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Covenant Transportation Group has an average rating of “Hold” and a consensus target price of $23.00.

Covenant Transportation Group (NASDAQ:CVTI) traded up 0.3160% on Tuesday, reaching $25.4301. The company had a trading volume of 82,058 shares. The company’s 50-day moving average is $20.95 and its 200-day moving average is $18.81. Covenant Transportation Group has a 52-week low of $14.26 and a 52-week high of $26.49. The company has a market capitalization of $465.04 million, a PE ratio of 45.4921 and a beta of 1.61.

Covenant Transportation Group (NASDAQ:CVTI) last posted its earnings results on Tuesday, July 25th. The transportation company reported $0.08 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.08. The company had revenue of $164.30 million for the quarter, compared to the consensus estimate of $158.40 million. Covenant Transportation Group had a return on equity of 4.65% and a net margin of 1.60%. Covenant Transportation Group’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. Equities analysts anticipate that Covenant Transportation Group will post $0.71 EPS for the current fiscal year.

In other Covenant Transportation Group 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 SEC, which can be accessed through this hyperlink. Also, VP Ralph H. Lovin, Jr. sold 8,922 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $25.48, for a total value of $227,332.56. Following the sale, the vice president now owns 46,371 shares in the company, valued at $1,181,533.08. The disclosure for this sale can be found here. 35.20% of the stock is currently owned by 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.

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

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