Media stories about Covenant Transportation Group (NASDAQ:CVTI) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Covenant Transportation Group earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 47.092101759672 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Covenant Transportation Group (NASDAQ CVTI) traded up $0.84 during mid-day trading on Friday, reaching $26.96. The company’s stock had a trading volume of 339,685 shares, compared to its average volume of 176,367. The company has a quick ratio of 1.62, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. The company has a market cap of $477.73, a PE ratio of 8.87 and a beta of 1.64. Covenant Transportation Group has a 1 year low of $15.86 and a 1 year high of $30.60.

Covenant Transportation Group (NASDAQ:CVTI) last posted its quarterly earnings data on Monday, January 29th. The transportation company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $203.31 million for the quarter, compared to the consensus estimate of $202.40 million. Covenant Transportation Group had a return on equity of 6.63% and a net margin of 7.94%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. equities research analysts expect that Covenant Transportation Group will post 1.68 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on CVTI shares. BidaskClub cut Covenant Transportation Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 20th. Cowen restated a “market perform” rating and issued a $30.00 price target (up previously from $25.50) on shares of Covenant Transportation Group in a research note on Tuesday, January 30th. ValuEngine cut Covenant Transportation Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research cut Covenant Transportation Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Covenant Transportation Group in a research report on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $29.67.

In other Covenant Transportation Group news, Chairman David Ray Parker sold 30,455 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $30.01, for a total transaction of $913,954.55. Following the transaction, the chairman now owns 110,580 shares in the company, valued at approximately $3,318,505.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 66,228 shares of company stock worth $1,987,860 in the last quarter. Company insiders own 35.20% of the company’s stock.

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Covenant Transportation Group Company Profile

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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