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Covenant Transportation Group (NASDAQ:CVTI) hit a new 52-week high during mid-day trading on Thursday , AR Network reports. The stock traded as high as $13.98 and last traded at $13.80, with a volume of 40,105 shares trading hands. The stock had previously closed at $13.46.

Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Covenant Transportation Group from a “neutral” rating to an “outperform” rating in a research note on Monday, July 28th. They now have a $14.80 price target on the stock. Analysts at Avondale Partners upgraded shares of Covenant Transportation Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, June 19th. They now have a $4.50 price target on the stock, down previously from $12.00.

The stock’s 50-day moving average is $12.63 and its 200-day moving average is $11.0. The company has a market cap of $203.0 million and a price-to-earnings ratio of 26.39.

Covenant Transportation Group (NASDAQ:CVTI) last released its earnings data on Wednesday, July 23rd. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.06. The company had revenue of $173.70 million for the quarter, compared to the consensus estimate of $170.87 million. During the same quarter last year, the company posted $0.13 earnings per share. Covenant Transportation Group’s revenue was up .7% compared to the same quarter last year. On average, analysts predict that Covenant Transportation Group will post $0.60 earnings per share for the current fiscal year.

Covenant Transportation Group, Inc is a carrier for transportation companies, such as freight forwarders, less-than-truckload carriers, and third-party logistics providers that require a high level of service to support their businesses, as well as for traditional truckload customers, such as manufacturers, retailers, and food and beverage shippers.

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