News headlines about Covenant Transportation Group (NASDAQ:CVTI) have trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public 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 0.15 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 46.8331883899613 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

CVTI traded down $0.08 during trading on Friday, hitting $28.72. 72,346 shares of the company traded hands, compared to its average volume of 127,392. The firm has a market cap of $541.85 million, a P/E ratio of 34.19 and a beta of 1.61. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.80 and a current ratio of 2.84. Covenant Transportation Group has a one year low of $21.05 and a one year high of $35.19.

Covenant Transportation Group (NASDAQ:CVTI) last posted its quarterly earnings results on Wednesday, July 25th. The transportation company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The company had revenue of $196.32 million during the quarter, compared to analyst estimates of $199.25 million. Covenant Transportation Group had a net margin of 9.09% and a return on equity of 9.77%. equities research analysts predict that Covenant Transportation Group will post 2.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Wednesday, August 15th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $0.08 annualized dividend and a yield of 0.28%. Covenant Transportation Group’s payout ratio is currently 9.52%.

Several analysts have recently commented on CVTI shares. BidaskClub downgraded shares of Covenant Transportation Group from a “hold” rating to a “sell” rating in a report on Saturday, April 28th. ValuEngine upgraded shares of Covenant Transportation Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 12th. Zacks Investment Research downgraded shares of Covenant Transportation Group from a “buy” rating to a “hold” rating in a report on Monday, May 21st. Cowen increased their target price on shares of Covenant Transportation Group from $32.00 to $35.00 and gave the company a “market perform” rating in a report on Wednesday, June 6th. Finally, Stifel Nicolaus increased their target price on shares of Covenant Transportation Group from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, June 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Covenant Transportation Group presently has a consensus rating of “Buy” and an average target price of $36.60.

In related news, VP Ralph H. Lovin, Jr. sold 3,000 shares of the stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $34.85, for a total transaction of $104,550.00. Following the completion of the transaction, the vice president now owns 33,639 shares in the company, valued at $1,172,319.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David Ray Parker sold 15,653 shares of the stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $35.04, for a total transaction of $548,481.12. Following the transaction, the chief executive officer now owns 114,443 shares of the company’s stock, valued at approximately $4,010,082.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 173,332 shares of company stock valued at $5,692,781. 35.20% of the stock is owned by company insiders.

Covenant Transportation Group Company Profile

Covenant Transportation Group, Inc, together with its subsidiaries, provides truckload transportation and brokerage services primarily in the continental United States. It offers long haul, dedicated, temperature-controlled, and regional solo-driver services; long haul, regional, dedicated, and intermodal temperature-controlled services; and regional solo-driver and dedicated services.

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