Covenant Transportation Group (CVTI) Given Daily News Sentiment Rating of 0.13

News stories about Covenant Transportation Group (NASDAQ:CVTI) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Covenant Transportation Group earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 45.316248693601 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

A number of analysts have commented on CVTI shares. Zacks Investment Research raised shares of Covenant Transportation Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. TheStreet raised shares of Covenant Transportation Group from a “c+” rating to a “b” rating in a report on Thursday, October 19th. BidaskClub raised shares of Covenant Transportation Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 7th. ValuEngine cut shares of Covenant Transportation Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Cowen reaffirmed a “buy” rating and set a $24.00 target price on shares of Covenant Transportation Group in a report on Monday, August 28th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Covenant Transportation Group currently has an average rating of “Buy” and a consensus target price of $25.63.

Shares of Covenant Transportation Group (CVTI) traded up $0.95 during mid-day trading on Monday, reaching $28.74. 161,700 shares of the company’s stock were exchanged, compared to its average volume of 114,257. Covenant Transportation Group has a twelve month low of $15.86 and a twelve month high of $30.60. The stock has a market capitalization of $525.65, a PE ratio of 41.65 and a beta of 1.67. The company has a current ratio of 1.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.77.

Covenant Transportation Group (NASDAQ:CVTI) last announced its earnings results on Thursday, October 19th. The transportation company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.08. Covenant Transportation Group had a net margin of 2.59% and a return on equity of 7.72%. The business had revenue of $178.60 million during the quarter, compared to analysts’ expectations of $170.10 million. During the same period in the prior year, the company earned $0.16 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. sell-side analysts predict that Covenant Transportation Group will post 0.9 earnings per share for the current year.

In related news, COO Samuel F. Hough sold 2,000 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now owns 62,763 shares in the company, valued at $1,882,890. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Ralph H. Lovin, Jr. sold 4,000 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $28.43, for a total transaction of $113,720.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 512,826 shares of company stock valued at $15,000,875. Corporate insiders own 35.20% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Covenant Transportation Group (NASDAQ:CVTI)

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