Covenant Transportation Group Inc. (NASDAQ:CVTI) was up 2.9% on Tuesday . The stock traded as high as $19.49 and last traded at $19.43, with a volume of 73,336 shares. The stock had previously closed at $18.89.

CVTI has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Covenant Transportation Group from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. Cowen and Company lowered their price target on shares of Covenant Transportation Group from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Friday, July 29th. Stifel Nicolaus upped their price target on shares of Covenant Transportation Group from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, BB&T Corp. downgraded shares of Covenant Transportation Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd.
Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $27.00.

The firm’s 50 day moving average price is $20.85 and its 200-day moving average price is $21.22. The company has a market capitalization of $351.33 million and a price-to-earnings ratio of 12.22.

Covenant Transportation Group (NASDAQ:CVTI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The firm earned $158.80 million during the quarter, compared to the consensus estimate of $156.62 million. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. Analysts anticipate that Covenant Transportation Group Inc. will post $1.18 EPS for the current fiscal 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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