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:
- Covenant Transportation Group (CVTI) Upgraded at BidaskClub (americanbankingnews.com)
- Head to Head Comparison: Covenant Transportation Group (CVTI) & Canadian National Railway (CNI) (americanbankingnews.com)
- David Ray Parker Sells 10,000 Shares of Covenant Transportation Group, Inc. (CVTI) Stock (americanbankingnews.com)
- ETFs with exposure to Covenant Transportation Group, Inc. : December 7, 2017 (finance.yahoo.com)
- Covenant Transportation Group, Inc. (CVTI) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
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.
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.
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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