CovenantLogisticsGroupInc . (NASDAQ: CVLG) is one of 19 public companies in the “Trucking, except local” industry, but how does it contrast to its peers? We will compare CovenantLogisticsGroupInc . to similar businesses based on the strength of its dividends, institutional ownership, analyst recommendations, valuation, earnings, risk and profitability.
Risk and Volatility
CovenantLogisticsGroupInc . has a beta of 1.55, suggesting that its share price is 55% more volatile than the S&P 500. Comparatively, CovenantLogisticsGroupInc .’s peers have a beta of 1.54, suggesting that their average share price is 54% more volatile than the S&P 500.
This table compares CovenantLogisticsGroupInc . and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|CovenantLogisticsGroupInc . Competitors||3.74%||9.79%||5.34%|
Valuation and Earnings
This table compares CovenantLogisticsGroupInc . and its peers revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|CovenantLogisticsGroupInc .||$894.53 million||$8.48 million||30.92|
|CovenantLogisticsGroupInc . Competitors||$2.74 billion||$130.62 million||21.75|
CovenantLogisticsGroupInc .’s peers have higher revenue and earnings than CovenantLogisticsGroupInc .. CovenantLogisticsGroupInc . is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
This is a summary of current ratings for CovenantLogisticsGroupInc . and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|CovenantLogisticsGroupInc . Competitors||392||1429||1203||77||2.31|
CovenantLogisticsGroupInc . currently has a consensus price target of $26.00, indicating a potential upside of 37.86%. As a group, “Trucking, except local” companies have a potential downside of 10.55%. Given CovenantLogisticsGroupInc .’s stronger consensus rating and higher possible upside, analysts clearly believe CovenantLogisticsGroupInc . is more favorable than its peers.
Institutional and Insider Ownership
53.6% of CovenantLogisticsGroupInc . shares are owned by institutional investors. Comparatively, 54.1% of shares of all “Trucking, except local” companies are owned by institutional investors. 32.5% of CovenantLogisticsGroupInc . shares are owned by company insiders. Comparatively, 24.5% of shares of all “Trucking, except local” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
CovenantLogisticsGroupInc . peers beat CovenantLogisticsGroupInc . on 8 of the 13 factors compared.
CovenantLogisticsGroupInc . Company Profile
Covenant Logistics Group, Inc. is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Highway Services and Dedicated Contract Services. The Highway Services Segment includes two separate service offerings: Expedited Services (“”Expedited””) and Over-the-Road Services (“”OTR””), both of which transport one-way freight over nonroutine routes. The Dedicated Contract Services Segment provides similar transportation services, but does so pursuant to agreements whereby equipment available to a specific customer for shipments over particular routes at specified times. The company was founded by David Ray Parker in 1985 and is headquartered in Chattanooga, TN.
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