Media stories about Covenant Transportation Group (NASDAQ:CVTI) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Covenant Transportation Group earned a news impact score of 0.05 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 45.6728009034168 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Covenant Transportation Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised shares of Covenant Transportation Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 7th. Cowen downgraded shares of Covenant Transportation Group from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. TheStreet raised shares of Covenant Transportation Group from a “c+” rating to a “b” rating in a research note on Thursday, October 19th. Finally, ValuEngine downgraded shares of Covenant Transportation Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Covenant Transportation Group presently has a consensus rating of “Hold” and a consensus price target of $25.63.

Covenant Transportation Group (NASDAQ CVTI) traded down $0.19 during mid-day trading on Thursday, reaching $28.84. 31,000 shares of the company were exchanged, compared to its average volume of 113,068. Covenant Transportation Group has a 12 month low of $15.86 and a 12 month high of $30.60. The company has a market capitalization of $529.15, a P/E ratio of 43.70 and a beta of 1.67. The company has a current ratio of 1.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.77.

Covenant Transportation Group (NASDAQ:CVTI) last released its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.08. Covenant Transportation Group had a net margin of 1.82% and a return on equity of 5.30%. The company had revenue of $178.60 million during the quarter, compared to the consensus estimate of $170.10 million. During the same period in the prior year, the firm earned $0.16 earnings per share. Covenant Transportation Group’s revenue was up 8.6% on a year-over-year basis. equities research analysts anticipate that Covenant Transportation Group will post 0.9 earnings per share for the current year.

In other Covenant Transportation Group news, CEO David Ray Parker sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $30.02, for a total transaction of $300,200.00. Following the completion of the transaction, the chief executive officer now owns 110,580 shares of the company’s stock, valued at $3,319,611.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Samuel F. Hough sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00. Following the transaction, the chief operating officer now directly owns 62,763 shares of the company’s stock, valued at approximately $1,882,890. The disclosure for this sale can be found here. Over the last three months, insiders sold 512,826 shares of company stock valued at $15,000,875. 35.20% of the stock is owned by insiders.

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About Covenant Transportation Group

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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