Covenant Transportation Group Inc. (NASDAQ:CVTI)’s share price traded down 4.9% on Thursday . The company traded as low as $18.87 and last traded at $18.94, with a volume of 109,957 shares trading hands. The stock had previously closed at $19.91.

A number of equities analysts recently weighed in on the company. Cowen and Company decreased their price target on Covenant Transportation Group from $34.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, June 22nd. Zacks Investment Research lowered Covenant Transportation Group from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. Stifel Nicolaus increased their price target on Covenant Transportation Group from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Finally, BB&T Corp. downgraded Covenant Transportation Group from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd.
Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Covenant Transportation Group currently has a consensus rating of “Buy” and a consensus target price of $27.00.

The stock has a 50 day moving average of $20.87 and a 200 day moving average of $21.26. The firm has a market capitalization of $343.87 million and a PE ratio of 11.96.

Covenant Transportation Group (NASDAQ:CVTI) last released its earnings results on Wednesday, July 27th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $158.80 million for the quarter, compared to the consensus estimate of $156.62 million. The company’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. On average, analysts predict that Covenant Transportation Group Inc. will post $1.18 earnings per share for the current year.

Covenant Transportation Group, Inc is a truckload transportation company. The Company provides truckload transportation and brokerage services to customers throughout the continental United States, into and out of Mexico, and into and out of portions of Canada. It operates through the asset-based truckload services (Truckload) segment.

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