News headlines about Covenant Transportation Group (NASDAQ:CVTI) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. 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 daily sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 46.5253643081614 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s rankings:
- Covenant Transportation Group, Inc. (CVTI) CEO Sells $297,009.75 in Stock (americanbankingnews.com)
- David Ray Parker Sells 68,261 Shares of Covenant Transportation Group, Inc. (CVTI) Stock (americanbankingnews.com)
- Insider Selling: Covenant Transportation Group, Inc. (CVTI) VP Sells 2,000 Shares of Stock (americanbankingnews.com)
- David Ray Parker Sells 51,652 Shares of Covenant Transportation Group, Inc. (CVTI) Stock (americanbankingnews.com)
- Q2 2018 Earnings Estimate for Covenant Transportation Group, Inc. Issued By Seaport Global Securities (CVTI) (americanbankingnews.com)
Covenant Transportation Group (NASDAQ:CVTI) traded down $0.42 during trading on Friday, reaching $30.84. 55,571 shares of the company were exchanged, compared to its average volume of 188,651. The company has a quick ratio of 1.95, a current ratio of 2.00 and a debt-to-equity ratio of 0.63. The company has a market cap of $586.93, a price-to-earnings ratio of 10.14 and a beta of 1.64. Covenant Transportation Group has a twelve month low of $15.86 and a twelve month high of $33.36.
Covenant Transportation Group (NASDAQ:CVTI) last posted its earnings results on Monday, January 29th. The transportation company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.01). The firm had revenue of $203.31 million for the quarter, compared to the consensus estimate of $202.40 million. Covenant Transportation Group had a return on equity of 6.26% and a net margin of 7.94%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. research analysts anticipate that Covenant Transportation Group will post 1.82 earnings per share for the current year.
A number of brokerages recently commented on CVTI. ValuEngine upgraded shares of Covenant Transportation Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. Seaport Global Securities upgraded shares of Covenant Transportation Group from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Thursday, March 15th. Zacks Investment Research upgraded shares of Covenant Transportation Group from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Friday, February 2nd. Cowen restated a “market perform” rating and set a $30.00 price target (up from $25.50) on shares of Covenant Transportation Group in a research note on Tuesday, January 30th. Finally, BidaskClub cut shares of Covenant Transportation Group from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $32.25.
In related news, CEO David Ray Parker sold 9,069 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $32.75, for a total transaction of $297,009.75. Following the sale, the chief executive officer now owns 104,166 shares of the company’s stock, valued at approximately $3,411,436.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ralph H. Lovin, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $31.96, for a total transaction of $63,920.00. Following the sale, the vice president now directly owns 37,532 shares in the company, valued at approximately $1,199,522.72. The disclosure for this sale can be found here. Insiders have sold a total of 156,755 shares of company stock worth $4,914,282 in the last ninety days. 35.20% of the stock is currently owned by 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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