Covenant Transportation Group, Inc. (CVTI) Analysts See $0.16 EPS

September 17, 2017 - By Kurt Siggers

 Covenant Transportation Group, Inc. (CVTI) Analysts See $0.16 EPS
Investors sentiment increased to 1.41 in 2016 Q4. Its up 0.22, from 1.19 in 2016Q3. It increased, as 13 investors sold Covenant Transportation Group, Inc. shares while 21 reduced holdings. 18 funds opened positions while 30 raised stakes. 10.12 million shares or 8.25% less from 11.03 million shares in 2016Q3 were reported.
Moreover, 1492 Capital Mgmt Ltd Liability Corporation has 0.38% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Blackrock Advsr Lc accumulated 6,593 shares. Deutsche Bank & Trust Ag has 15,239 shares. Fmr Limited Liability Corporation accumulated 0% or 461,300 shares. United Kingdom-based Legal General Grp Public Limited has invested 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Victory Cap Mngmt invested in 76,779 shares. Rhumbline Advisers owns 12,426 shares or 0% of their US portfolio. Strs Ohio invested 0% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Tower Capital Lc (Trc) owns 1,518 shares. Susquehanna Interest Group Inc Llp reported 0% stake. Tiaa Cref Ltd Liability Corp reported 33,479 shares. Secor Ltd Partnership holds 0.06% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 26,576 shares. 85,939 were reported by Gsa Prns Ltd Liability Partnership. Cushing Asset Mgmt L P has 252,329 shares for 0.15% of their portfolio. 143,389 are held by Driehaus Cap Mgmt.

Investors wait Covenant Transportation Group, Inc. (NASDAQ:CVTI) to report on October, 18. its quarterly earnings Wall Street analysts expect $0.16 earnings per share, $0.00 or 0.00 % from last year’s $0.16 same quarter earnings. This translates into $2.93 million profit for CVTI giving the stock a 38.69 P/E. This is assuming the current $0.16 EPS is accurate. Covenant Transportation Group, Inc.’s Wall Street analysts see 100.00 % EPS growth, taking into account the $0.08 EPS reproted in the previous quarter, The stock decreased 0.36% or $0.09 on September 15, reaching $24.76. About 125,212 shares traded or 2.65% up from the average. Covenant Transportation Group, Inc. (NASDAQ:CVTI) has declined 12.60% since September 17, 2016 and is downtrending. It has underperformed by 29.30% the S&P500.

Covenant Transportation Group, Inc. (NASDAQ:CVTI) Ratings Coverage

Among 4 analysts covering Covenant Transportation Group (NASDAQ:CVTI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Covenant Transportation Group had 11 analyst reports since October 19, 2015 according to SRatingsIntel. The company was downgraded on Monday, March 14 by Avondale. On Wednesday, December 16 the stock rating was maintained by Cowen & Co with “Outperform”. On Monday, August 14 the stock rating was upgraded by Stephens to “Buy”. The firm earned “Hold” rating on Thursday, January 5 by Stifel Nicolaus. Stifel Nicolaus maintained Covenant Transportation Group, Inc. (NASDAQ:CVTI) rating on Thursday, October 20. Stifel Nicolaus has “Buy” rating and $20 target. Cowen & Co maintained the shares of CVTI in report on Wednesday, January 27 with “Outperform” rating. Cowen & Co maintained the shares of CVTI in report on Friday, October 14 with “Outperform” rating. Cowen & Co maintained the shares of CVTI in report on Friday, October 21 with “Outperform” rating. The firm has “Buy” rating given on Wednesday, March 23 by Stifel Nicolaus. The stock of Covenant Transportation Group, Inc. (NASDAQ:CVTI) earned “Buy” rating by Cowen & Co on Monday, August 28.

Covenant Transportation Group, Inc. is a well-known provider of expedited long haul freight transportation, primarily using two-person driver teams in transcontinental lanes. The company has market cap of $452.80 million. The Company’s services also include refrigerated, dedicated, cross-border, regional and brokerage. It has a 43.74 P/E ratio. The Company’s divisions include Truckload and Other.

More notable recent Covenant Transportation Group, Inc. (NASDAQ:CVTI) news were published by: Globenewswire.com which released: “Covenant Transportation Group Announces First Quarter Financial and Operating …” on April 20, 2017, also Seekingalpha.com with their article: “Covenant Transportation – Valuation May Be Near A Peak” published on September 15, 2017, Globenewswire.com published: “Covenant Transportation Group, Inc. Announces Timing of Second Quarter …” on July 20, 2017. More interesting news about Covenant Transportation Group, Inc. (NASDAQ:CVTI) were released by: Seekingalpha.com and their article: “An Ugly Quarter At Covenant Transport” published on October 20, 2016 as well as Globenewswire.com‘s news article titled: “Covenant Transportation Group Announces Unfavorable Court Decision and Impact …” with publication date: May 10, 2017.

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