Covenant Transportation Group (CVTI) Earning Positive Press Coverage, Analysis Finds
Press coverage about Covenant Transportation Group (NASDAQ:CVTI) has trended positive recently, according to AlphaOne Sentiment Analysis. AlphaOne, a service of Accern, identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Covenant Transportation Group earned a coverage optimism score of 0.42 on AlphaOne’s scale. AlphaOne also gave media stories about the transportation company an impact score of 33 out of 100, indicating that recent press coverage is unlikely to have an impact on the stock’s share price in the immediate future.
A number of analysts have recently issued reports on CVTI shares. ValuEngine raised shares of Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet lowered shares of Covenant Transportation Group from a “b-” rating to a “c” rating in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $21.00.
Covenant Transportation Group (NASDAQ CVTI) traded down 1.32% during mid-day trading on Friday, hitting $18.73. 63,211 shares of the stock were exchanged. Covenant Transportation Group has a 12-month low of $14.26 and a 12-month high of $23.93. The stock has a market capitalization of $342.23 million, a P/E ratio of 27.67 and a beta of 1.59. The firm has a 50-day moving average price of $17.98 and a 200-day moving average price of $19.20.
Covenant Transportation Group (NASDAQ:CVTI) last issued its quarterly earnings data on Thursday, April 20th. The transportation company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01. Covenant Transportation Group had a return on equity of 5.65% and a net margin of 1.92%. The business had revenue of $158.70 million during the quarter, compared to analyst estimates of $154.90 million. During the same period in the previous year, the firm earned $0.21 EPS. Covenant Transportation Group’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities analysts predict that Covenant Transportation Group will post $0.83 earnings per share for the current fiscal year.
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.
Receive News & Ratings for Covenant Transportation Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covenant Transportation Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.