Shares of Covenant Transportation Group, Inc. (NASDAQ:CVTI) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $21.00.

A number of analysts have weighed in on CVTI shares. TheStreet downgraded Covenant Transportation Group from a “b-” rating to a “c” rating in a report on Thursday, April 20th. 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. Finally, ValuEngine raised shares of Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.

Shares of Covenant Transportation Group (CVTI) opened at 17.39 on Monday. Covenant Transportation Group has a 52 week low of $14.26 and a 52 week high of $23.51. The firm has a market capitalization of $317.75 million, a PE ratio of 25.69 and a beta of 1.66. The company’s 50 day moving average price is $17.95 and its 200-day moving average price is $19.00.

Covenant Transportation Group (NASDAQ:CVTI) last posted its quarterly earnings data on Thursday, April 20th. The transportation company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. The business had revenue of $158.70 million during the quarter, compared to the consensus estimate of $154.90 million. Covenant Transportation Group had a return on equity of 5.65% and a net margin of 1.92%. During the same period in the prior year, the business posted $0.21 earnings per share. Covenant Transportation Group’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts expect that Covenant Transportation Group will post $0.76 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. American International Group Inc. boosted its position in Covenant Transportation Group by 7.2% in the first quarter. American International Group Inc. now owns 7,309 shares of the transportation company’s stock valued at $137,000 after buying an additional 489 shares in the last quarter. Nationwide Fund Advisors boosted its position in Covenant Transportation Group by 11.9% in the first quarter. Nationwide Fund Advisors now owns 10,166 shares of the transportation company’s stock valued at $191,000 after buying an additional 1,080 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in Covenant Transportation Group during the fourth quarter valued at approximately $350,000. Teachers Advisors LLC boosted its position in Covenant Transportation Group by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 19,263 shares of the transportation company’s stock valued at $373,000 after buying an additional 1,268 shares in the last quarter. Finally, Horrell Capital Management Inc. boosted its position in Covenant Transportation Group by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the transportation company’s stock valued at $612,000 after buying an additional 100 shares in the last quarter. 63.06% of the stock is currently owned by hedge funds and other institutional investors.

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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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