Headlines about Covenant Transportation Group (NASDAQ:CVTI) have trended somewhat negative recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Covenant Transportation Group earned a news impact score of -0.01 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 45.5664261817231 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Covenant Transportation Group (NASDAQ CVTI) traded up $0.96 during trading on Monday, hitting $28.86. The stock had a trading volume of 95,500 shares, compared to its average volume of 107,908. Covenant Transportation Group has a 1 year low of $15.86 and a 1 year high of $30.60. The stock has a market cap of $527.85, a price-to-earnings ratio of 41.83 and a beta of 1.68. The company has a current ratio of 1.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.77.
Several equities research analysts have recently issued reports on CVTI shares. Zacks Investment Research raised Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Cowen lowered Covenant Transportation Group from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. TheStreet raised Covenant Transportation Group from a “c+” rating to a “b” rating in a research report on Thursday, October 19th. ValuEngine lowered Covenant Transportation Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub raised Covenant Transportation Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.50.
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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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