Somewhat Favorable News Coverage Somewhat Unlikely to Affect Covenant Transportation Group (CVTI) Share Price

News coverage about Covenant Transportation Group (NASDAQ:CVTI) has trended somewhat positive on Wednesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Covenant Transportation Group earned a news impact score of 0.14 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 45.5168646060682 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

A number of analysts have recently weighed in on CVTI shares. TheStreet raised shares of Covenant Transportation Group from a “c+” rating to a “b” rating in a report on Thursday, October 19th. Cowen reaffirmed a “buy” rating and set a $24.00 price target on shares of Covenant Transportation Group in a report on Monday, August 28th. ValuEngine downgraded shares of Covenant Transportation Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Covenant Transportation Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, BidaskClub raised shares of Covenant Transportation Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 7th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $25.63.

Shares of Covenant Transportation Group (NASDAQ CVTI) traded down $0.02 during trading hours on Wednesday, reaching $28.87. 174,700 shares of the company traded hands, compared to its average volume of 114,079. The company has a market cap of $528.40, a P/E ratio of 41.87 and a beta of 1.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.62 and a current ratio of 1.66. Covenant Transportation Group has a fifty-two week low of $15.86 and a fifty-two week high of $30.60.

Covenant Transportation Group (NASDAQ:CVTI) last issued its quarterly earnings data 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 business had revenue of $178.60 million during the quarter, compared to the consensus estimate of $170.10 million. Covenant Transportation Group had a net margin of 1.82% and a return on equity of 5.30%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. equities analysts predict that Covenant Transportation Group will post 0.9 earnings per share for the current fiscal year.

In related news, VP Ralph H. Lovin, Jr. sold 4,000 shares of the stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $28.43, for a total value of $113,720.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Ray Parker sold 57,381 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $28.68, for a total transaction of $1,645,687.08. The disclosure for this sale can be found here. In the last three months, insiders sold 512,826 shares of company stock valued at $15,000,875. 35.20% of the stock is owned by insiders.

TRADEMARK VIOLATION NOTICE: “Somewhat Favorable News Coverage Somewhat Unlikely to Affect Covenant Transportation Group (CVTI) Share Price” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.com-unik.info/2017/12/13/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-covenant-transportation-group-cvti-share-price.html.

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)

What are top analysts saying about Covenant Transportation Group? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Covenant Transportation Group and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit