Covenant Transportation Group Inc. (NASDAQ:CVTI) shot up 6.9% on Friday . The company traded as high as $21.74 and last traded at $21.20, with a volume of 160,644 shares trading hands. The stock had previously closed at $19.83.

A number of research firms have recently weighed in on CVTI. Zacks Investment Research raised Covenant Transportation Group from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a report on Tuesday, March 29th. Cowen and Company dropped their target price on Covenant Transportation Group from $34.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, June 22nd. Finally, BB&T Corp. cut Covenant Transportation Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd.
Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $28.20.

The stock has a 50-day moving average of $20.41 and a 200-day moving average of $20.62. The firm has a market cap of $381.48 million and a PE ratio of 10.75.

Covenant Transportation Group (NASDAQ:CVTI) last posted its earnings results on Wednesday, April 27th. The company reported $0.21 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.21. During the same period in the previous year, the firm earned $0.30 EPS. The business earned $156.34 million during the quarter, compared to the consensus estimate of $163.94 million. The business’s revenue was down 6.5% compared to the same quarter last year. Equities research analysts forecast that Covenant Transportation Group Inc. will post $1.22 EPS for the current year.

An institutional investor recently raised its position in Covenant Transportation Group stock. Mutual of America Capital Management LLC raised its position in shares of Covenant Transportation Group Inc. (NASDAQ:CVTI) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 124,845 shares of the company’s stock after buying an additional 745 shares during the period. Mutual of America Capital Management LLC owned about 0.69% of Covenant Transportation Group worth $2,358,000 at the end of the most recent reporting period.

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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