Covenant Logistics Group - CVLG Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $68.67
  • Forecasted Upside: 52.46%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$45.04
▼ -0.42 (-0.92%)

This chart shows the closing price for CVLG by one month, three months, or twelve months.

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Covenant Logistics Group Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for CVLG and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for CVLG

Analyst Price Target is $68.67
▲ +52.46% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Covenant Logistics Group in the last 3 months. The average price target is $68.67, with a high forecast of $70.00 and a low forecast of $66.00. The average price target represents a 52.46% upside from the last price of $45.04.

This chart shows the closing price for CVLG for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart




Current Consensus is Buy

The current consensus among 3 investment analysts is to buy stock in Covenant Logistics Group. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/23/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
1/21/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/21/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/20/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/18/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
1/16/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/16/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/15/2024

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/25/2024TD CowenUpgradeMarket Perform ➝ Outperform$51.00 ➝ $66.00Low
1/23/2024Vertical ResearchInitiated CoverageBuy$70.00Low
7/28/2023StephensBoost TargetOverweight$63.00 ➝ $70.00Low
1/10/2023Wolfe ResearchUpgradeUnderperform ➝ Peer PerformLow
10/27/2022CowenBoost Target$38.00Low
10/24/2022StephensBoost TargetEqual Weight$35.00 ➝ $40.00Low
7/27/2022StephensBoost TargetOutperform$35.00Low
7/27/2022CowenBoost TargetOutperform$31.50Low
5/21/2022CowenReiterated RatingHold$22.00Low
5/20/2022CowenReiterated RatingHold$22.00Low
4/14/2022CowenDowngradeOutperform ➝ Market Perform$40.00 ➝ $21.00High
4/14/2022CowenDowngradeOutperform ➝ Market Perform$40.00 ➝ $21.00High
4/5/2022Wolfe ResearchLower TargetUnderperform$21.00 ➝ $20.00Medium
4/1/2022StephensDowngradeOverweight ➝ Equal Weight$30.00 ➝ $25.00High
1/6/2022Wolfe ResearchDowngradePeer Perform ➝ Underperform$23.00High
9/15/2021CowenBoost TargetOutperform$40.00 ➝ $42.00Medium
6/21/2021Stifel NicolausInitiated CoverageHoldLow
4/28/2021CowenBoost TargetOutperform$32.00 ➝ $40.00Low
1/27/2021CowenBoost TargetOutperform$25.00 ➝ $30.00Medium
1/7/2021Wolfe ResearchDowngradeOutperform ➝ Market PerformN/A
11/20/2020CowenReiterated RatingBuy$25.00Low
8/12/2020StephensBoost TargetOverweight$19.00 ➝ $26.00High
(Data available from 4/16/2019 forward)

News Sentiment Rating

0.62 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 5 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/19/2023
  • 1 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
10/19/2023
  • 3 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
11/18/2023
  • 0 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
12/18/2023
  • 1 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
1/17/2024
  • 8 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/16/2024
  • 6 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
3/17/2024
  • 1 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/16/2024

Current Sentiment

  • 1 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.
Covenant Logistics Group logo
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. Its Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. Its Warehousing segment provides day-to-day warehouse management services to customers, as well as shuttle and switching services related to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.
Read More

Today's Range

Now: $45.04
Low: $44.70
High: $45.84

50 Day Range

MA: $47.87
Low: $43.37
High: $54.62

52 Week Range

Now: $45.04
Low: $33.58
High: $57.57

Volume

47,604 shs

Average Volume

54,368 shs

Market Capitalization

$588.67 million

P/E Ratio

11.18

Dividend Yield

0.97%

Beta

1.41

Frequently Asked Questions

What sell-side analysts currently cover shares of Covenant Logistics Group?

The following equities research analysts have issued stock ratings on Covenant Logistics Group in the last year: Stephens, TD Cowen, and Vertical Research.
View the latest analyst ratings for CVLG.

What is the current price target for Covenant Logistics Group?

3 Wall Street analysts have set twelve-month price targets for Covenant Logistics Group in the last year. Their average twelve-month price target is $68.67, suggesting a possible upside of 52.5%. Stephens has the highest price target set, predicting CVLG will reach $70.00 in the next twelve months. TD Cowen has the lowest price target set, forecasting a price of $66.00 for Covenant Logistics Group in the next year.
View the latest price targets for CVLG.

What is the current consensus analyst rating for Covenant Logistics Group?

Covenant Logistics Group currently has 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CVLG will outperform the market and that investors should add to their positions of Covenant Logistics Group.
View the latest ratings for CVLG.

What other companies compete with Covenant Logistics Group?

How do I contact Covenant Logistics Group's investor relations team?

Covenant Logistics Group's physical mailing address is 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN, 37419. The company's listed phone number is (423) 821-1212 and its investor relations email address is [email protected]. The official website for Covenant Logistics Group is www.covenanttransport.com. Learn More about contacing Covenant Logistics Group investor relations.