NASDAQ:CVLG - Covenant Logistics Group Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $32.50
  • Forecasted Upside: 40.33 %
  • Number of Analysts: 3
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$23.16
▼ -0.18 (-0.77%)

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

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Analyst Price Target for CVLG

Analyst Price Target is $32.50
▲ +40.33% 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 $32.50, with a high forecast of $42.00 and a low forecast of $23.00. The average price target represents a 40.33% upside from the last price of $23.16.

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

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Current Consensus is Hold

The current consensus among 3 contributing investment analysts is to hold stock in Covenant Logistics Group. This rating has held steady since December 2020, when it changed from a Buy consensus rating.

Past Monthly Recommendations

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  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/26/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/24/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 1 sell ratings
1/22/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 1 sell ratings
4/22/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
7/21/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 1 sell ratings
10/19/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 1 sell ratings
12/18/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 1 sell ratings
1/17/2022

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/6/2022Wolfe ResearchDowngradePeer Perform ➝ Underperform$23.00High
9/15/2021CowenBoost Price TargetOutperform$40.00 ➝ $42.00Medium
6/21/2021Stifel NicolausInitiated CoverageHoldLow
4/28/2021CowenBoost Price TargetOutperform$32.00 ➝ $40.00Low
1/27/2021CowenBoost Price TargetOutperform$25.00 ➝ $30.00Medium
1/7/2021Wolfe ResearchDowngradeOutperform ➝ Market PerformN/A
11/20/2020CowenReiterated RatingBuy$25.00Low
8/12/2020StephensBoost Price TargetOverweight$19.00 ➝ $26.00High
(Data available from 1/18/2017 forward)

News Sentiment Rating

0.67 (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

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Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/22/2021
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/22/2021
  • 3 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/21/2021
  • 4 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/20/2021
  • 3 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
10/20/2021
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
11/19/2021
  • 1 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
12/19/2021
  • 2 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
1/18/2022

Current Sentiment

  • 2 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Covenant Logistics Group logo
Covenant Logistics Group, Inc. is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Highway Services and Dedicated Contract Services. The Highway Services Segment includes two separate service offerings: Expedited Services (""Expedited"") and Over-the-Road Services (""OTR""), both of which transport one-way freight over non-routine routes. The Dedicated Contract Services Segment provides similar transportation services, but does so pursuant to agreements whereby equipment available to a specific customer for shipments over particular routes at specified times. The company was founded by David Ray Parker in 1985 and is headquartered in Chattanooga, TN.
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Today's Range

Now: $23.16
Low: $22.48
High: $23.68

50 Day Range

MA: $25.49
Low: $22.35
High: $30.59

52 Week Range

Now: $23.16
Low: $14.09
High: $34.75

Volume

75,815 shs

Average Volume

119,510 shs

Market Capitalization

$387.19 million

P/E Ratio

22.49

Dividend Yield

N/A

Beta

1.53

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: Cowen Inc, Stifel Nicolaus, TheStreet, Wolfe Research, and Zacks Investment Research.
View the latest analyst ratings for CVLG.

What is the current price target for Covenant Logistics Group?

2 Wall Street analysts have set twelve-month price targets for Covenant Logistics Group in the last year. Their average twelve-month price target is $32.50, suggesting a possible upside of 40.3%. Cowen Inc has the highest price target set, predicting CVLG will reach $42.00 in the next twelve months. Wolfe Research has the lowest price target set, forecasting a price of $23.00 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 1 sell rating, 1 hold rating and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in CVLG, but not buy more shares or sell existing shares.
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.