Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Covenant Transportation Group (CVTI) Stock Price

News headlines about Covenant Transportation Group (NASDAQ:CVTI) have been trending somewhat positive on Sunday, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Covenant Transportation Group earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 44.3329897846295 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Covenant Transportation Group (CVTI) traded down $1.04 during mid-day trading on Friday, hitting $28.92. 117,836 shares of the stock traded hands, compared to its average volume of 97,975. The stock has a market cap of $528.95, a price-to-earnings ratio of 41.91 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. Covenant Transportation Group has a 1 year low of $15.86 and a 1 year high of $30.60.

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

A number of research analysts have weighed in on the stock. ValuEngine lowered shares of Covenant Transportation Group from a “buy” rating to a “hold” rating in a research note on Friday. Cowen reissued a “hold” rating and issued a $25.50 target price on shares of Covenant Transportation Group in a research note on Tuesday, October 24th. TheStreet raised shares of Covenant Transportation Group from a “c+” rating to a “b” rating in a research note on Thursday, October 19th. Zacks Investment Research raised shares of Covenant Transportation Group from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research note on Monday, October 16th. Finally, BidaskClub raised shares of Covenant Transportation Group from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Covenant Transportation Group currently has an average rating of “Hold” and a consensus price target of $25.63.

In other news, VP Ralph H. Lovin, Jr. sold 8,922 shares of Covenant Transportation Group stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $25.48, for a total transaction of $227,332.56. Following the sale, the vice president now owns 46,371 shares of the company’s stock, valued at approximately $1,181,533.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Samuel F. Hough sold 2,000 shares of Covenant Transportation Group stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00. Following the sale, the chief operating officer now directly owns 62,763 shares in the company, valued at approximately $1,882,890. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 457,038 shares of company stock worth $13,261,261. Corporate insiders own 35.20% of the company’s stock.

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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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