Media headlines about Covenant Transportation Group (NASDAQ:CVTI) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Covenant Transportation Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the transportation company an impact score of 47.2466756824297 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several analysts have commented on the stock. TheStreet lowered shares of Covenant Transportation Group from a “b-” rating to a “c” rating in a research report on Thursday, April 20th. ValuEngine raised shares of Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised shares of Covenant Transportation Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Covenant Transportation Group presently has a consensus rating of “Hold” and a consensus target price of $21.00.
Covenant Transportation Group (NASDAQ CVTI) traded up 1.30% during mid-day trading on Friday, hitting $19.55. 79,340 shares of the stock traded hands. Covenant Transportation Group has a 1-year low of $14.26 and a 1-year high of $22.61. The company’s 50 day moving average price is $17.81 and its 200-day moving average price is $18.57. The stock has a market cap of $357.51 million, a price-to-earnings ratio of 34.97 and a beta of 1.65.
Covenant Transportation Group (NASDAQ:CVTI) last released its earnings results on Tuesday, July 25th. The transportation company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. Covenant Transportation Group had a net margin of 1.60% and a return on equity of 4.65%. The company had revenue of $164.30 million for the quarter, compared to analysts’ expectations of $158.40 million. During the same quarter last year, the business earned $0.20 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. Analysts predict that Covenant Transportation Group will post $0.71 earnings per share for the current year.
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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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