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.
Current Consensus is
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.
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.