Covenant Transportation Group (CVTI) Earns Coverage Optimism Rating of 0.05

Media headlines about Covenant Transportation Group (NASDAQ:CVTI) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Covenant Transportation Group earned a news impact score of 0.05 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 46.0451188949112 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Several brokerages have recently issued reports on CVTI. Zacks Investment Research upgraded Covenant Transportation Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. TheStreet upgraded Covenant Transportation Group from a “c+” rating to a “b” rating in a report on Thursday, October 19th. BidaskClub lowered Covenant Transportation Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 20th. ValuEngine lowered Covenant Transportation Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Cowen lowered Covenant Transportation Group from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $25.63.

Shares of Covenant Transportation Group (CVTI) traded down $0.04 during trading on Tuesday, hitting $28.73. The stock had a trading volume of 117,100 shares, compared to its average volume of 112,914. The firm has a market cap of $525.47, a price-to-earnings ratio of 41.64 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 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 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.08. Covenant Transportation Group had a return on equity of 5.30% and a net margin of 1.82%. The business had revenue of $178.60 million for the quarter, compared to the consensus estimate of $170.10 million. During the same period last year, the business earned $0.16 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. equities research analysts predict that Covenant Transportation Group will post 0.9 EPS for the current year.

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

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About Covenant Transportation Group

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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