Covenant Logistics Group - CVLG Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $27.13
  • Forecasted Upside: -5.49 %
  • Number of Analysts: 4
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$28.70
▼ -0.6 (-2.05%)

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Analyst Price Target for CVLG

Analyst Price Target is $27.13
▼ -5.49% Downside Potential
This price target is based on 4 analysts offering 12 month price targets for Covenant Logistics Group in the last 3 months. The average price target is $27.13, with a high forecast of $35.00 and a low forecast of $20.00. The average price target represents a -5.49% upside from the last price of $28.70.

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 4 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
  • 1 buy ratings
  • 1 hold ratings
  • 1 sell ratings
4/9/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
7/8/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 1 sell ratings
10/6/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 1 sell ratings
1/4/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
4/4/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
7/3/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
9/1/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
10/1/2022

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
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 10/1/2017 forward)

News Sentiment Rating

1.07 (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
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/5/2022
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/4/2022
  • 0 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
5/4/2022
  • 3 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/3/2022
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/3/2022
  • 3 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/2/2022
  • 6 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
9/1/2022
  • 3 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
10/1/2022

Current Sentiment

  • 3 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
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. The Dedicated segment provides customers with committed truckload capacity over contracted periods 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. The Warehousing segment provides day-to-day warehouse management services to customers. The segment also provides shuttle and switching services 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. As of December 31, 2021, it operated 2,291 tractors and 5,331 trailers. 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.
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Today's Range

Now: $28.70
Low: $28.66
High: $29.67

50 Day Range

MA: $30.68
Low: $27.88
High: $34.51

52 Week Range

Now: $28.70
Low: $17.23
High: $34.80

Volume

204,618 shs

Average Volume

118,493 shs

Market Capitalization

$414.72 million

P/E Ratio

5.86

Dividend Yield

1.09%

Beta

1.47

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, Cowen Inc., Stephens, and Wolfe Research.
View the latest analyst ratings for CVLG.

What is the current price target for Covenant Logistics Group?

4 Wall Street analysts have set twelve-month price targets for Covenant Logistics Group in the last year. Their average twelve-month price target is $27.13, suggesting a possible downside of 5.5%. Stephens has the highest price target set, predicting CVLG will reach $35.00 in the next twelve months. Wolfe Research has the lowest price target set, forecasting a price of $20.00 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 2 buy ratings 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. Learn More about contacing Covenant Logistics Group investor relations.