News stories about Covenant Transportation Group (NASDAQ:CVTI) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Covenant Transportation Group earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 45.2400140212464 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Covenant Transportation Group (NASDAQ:CVTI) traded up $1.32 during trading on Friday, reaching $28.64. The company had a trading volume of 203,200 shares, compared to its average volume of 123,900. Covenant Transportation Group has a fifty-two week low of $15.86 and a fifty-two week high of $30.60. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.62. The company has a market capitalization of $514.33, a PE ratio of 43.39 and a beta of 1.68.
Covenant Transportation Group (NASDAQ:CVTI) last posted its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $170.10 million. During the same quarter last year, the company posted $0.16 earnings per share. Covenant Transportation Group’s quarterly revenue was up 8.6% on a year-over-year basis. sell-side analysts anticipate that Covenant Transportation Group will post 0.9 earnings per share for the current year.
CVTI has been the subject of several analyst reports. TheStreet upgraded Covenant Transportation Group from a “c+” rating to a “b” rating in a report on Thursday, October 19th. BidaskClub cut Covenant Transportation Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 20th. Zacks Investment Research upgraded Covenant Transportation Group from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a report on Monday, October 16th. ValuEngine cut Covenant Transportation Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Cowen cut Covenant Transportation Group from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $27.50.
In other Covenant Transportation Group news, COO Samuel F. Hough sold 2,000 shares of the firm’s 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 completion of the sale, the chief operating officer now directly owns 62,763 shares in the company, valued at $1,882,890. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Ray Parker sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $30.02, for a total transaction of $300,200.00. Following the sale, the chief executive officer now owns 110,580 shares of the company’s stock, valued at $3,319,611.60. The disclosure for this sale can be found here. Insiders have sold 508,826 shares of company stock valued at $14,887,155 in the last quarter. 35.20% of the stock is currently owned by corporate 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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