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NASDAQ:CVLG

Covenant Logistics Group (CVLG) Stock Price, News & Analysis

$46.17
+0.27 (+0.59%)
(As of 10:51 AM ET)
Today's Range
$45.54
$46.17
50-Day Range
$43.37
$54.62
52-Week Range
$32.69
$57.57
Volume
5,144 shs
Average Volume
70,643 shs
Market Capitalization
$603.44 million
P/E Ratio
11.46
Dividend Yield
0.95%
Price Target
$68.67

Covenant Logistics Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
48.7% Upside
$68.67 Price Target
Short Interest
Healthy
1.21% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.62mentions of Covenant Logistics Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$6.08 M Sold Last Quarter
Proj. Earnings Growth
13.95%
From $4.30 to $4.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.65 out of 5 stars

Transportation Sector

28th out of 117 stocks

Trucking, Except Local Industry

7th out of 13 stocks

CVLG stock logo

About Covenant Logistics Group Stock (NASDAQ:CVLG)

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.

CVLG Stock Price History

CVLG Stock News Headlines

CVLG Apr 2024 50.000 call
Urgent: Protect Your Investments from a Chinese Invasion
An alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.
Urgent: Protect Your Investments from a Chinese Invasion
An alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.
Covenant Logistics Group Announces Quarterly Cash Dividend
Covenant Logistics Group Inc.
Covenant Logistics Group Inc Class A CVLG
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
11/30/2023
Dividend Payable
12/29/2023
Last Earnings
1/23/2024
Ex-Dividend for 3/29 Dividend
2/29/2024
Today
3/28/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Trucking, except local
Sub-Industry
N/A
Current Symbol
NASDAQ:CVLG
Employees
4,600
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$68.67
High Stock Price Target
$70.00
Low Stock Price Target
$66.00
Potential Upside/Downside
+49.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$55.23 million
Pretax Margin
6.55%

Debt

Sales & Book Value

Annual Sales
$1.10 billion
Cash Flow
$9.83 per share
Book Value
$30.86 per share

Miscellaneous

Free Float
9,268,000
Market Cap
$599.91 million
Optionable
Optionable
Beta
1.42

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Key Executives

  • Mr. David Ray Parker (Age 66)
    Chairman of the Board & CEO
    Comp: $2.12M
  • Mr. M. Paul Bunn (Age 46)
    President & COO
    Comp: $1.04M
  • Mr. James S. Grant III (Age 45)
    Executive VP & CFO
    Comp: $597.16k
  • Mr. Joey B. Hogan (Age 62)
    Executive VP & Director
    Comp: $1.48M
  • Mr. Samuel F. Hough (Age 58)
    Executive Vice President of Expedited Operations
    Comp: $699.25k
  • Ms. Lynn Doster (Age 58)
    Executive Vice President of Dedicated & Warehousing Operations
    Comp: $661.56k
  • Mr. Matisse Long (Age 48)
    Chief Accounting Officer
  • Mr. Eric Whitton
    Senior Vice President of Technology
  • Mr. Troy A. Robertson (Age 50)
    Senior VP & General Counsel
  • Ms. Joey Ballard (Age 49)
    Executive Vice President of People & Safety

CVLG Stock Analysis - Frequently Asked Questions

Should I buy or sell Covenant Logistics Group stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Covenant Logistics Group in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CVLG shares.
View CVLG analyst ratings
or view top-rated stocks.

What is Covenant Logistics Group's stock price target for 2024?

3 brokers have issued 12-month target prices for Covenant Logistics Group's shares. Their CVLG share price targets range from $66.00 to $70.00. On average, they expect the company's share price to reach $68.67 in the next year. This suggests a possible upside of 48.7% from the stock's current price.
View analysts price targets for CVLG
or view top-rated stocks among Wall Street analysts.

How have CVLG shares performed in 2024?

Covenant Logistics Group's stock was trading at $46.04 at the beginning of the year. Since then, CVLG stock has increased by 0.3% and is now trading at $46.17.
View the best growth stocks for 2024 here
.

Are investors shorting Covenant Logistics Group?

Covenant Logistics Group saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 92,200 shares, an increase of 16.6% from the February 29th total of 79,100 shares. Based on an average daily volume of 70,700 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.2% of the shares of the company are sold short.
View Covenant Logistics Group's Short Interest
.

When is Covenant Logistics Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our CVLG earnings forecast
.

How were Covenant Logistics Group's earnings last quarter?

Covenant Logistics Group, Inc. (NASDAQ:CVLG) released its quarterly earnings results on Tuesday, January, 23rd. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.02. The firm earned $273.99 million during the quarter. Covenant Logistics Group had a trailing twelve-month return on equity of 14.85% and a net margin of 4.98%.

How often does Covenant Logistics Group pay dividends? What is the dividend yield for Covenant Logistics Group?

Covenant Logistics Group declared a quarterly dividend on Thursday, February 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.11 per share on Friday, March 29th. This represents a $0.44 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for CVLG
.

Is Covenant Logistics Group a good dividend stock?

Covenant Logistics Group (NASDAQ:CVLG) pays an annual dividend of $0.44 per share and currently has a dividend yield of 0.97%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVLG will have a dividend payout ratio of 8.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CVLG.

What ETFs hold Covenant Logistics Group's stock?

ETFs with the largest weight of Covenant Logistics Group (NASDAQ:CVLG) stock in their portfolio include Euclidean Fundamental Value ETF (ECML), iShares US Small Cap Value Factor ETF (SVAL) and AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).Invesco DWA SmallCap Momentum ETF (DWAS).

Who are Covenant Logistics Group's major shareholders?

Covenant Logistics Group's stock is owned by many different institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.07%), LSV Asset Management (4.34%), Vanguard Group Inc. (3.44%), Vanguard Group Inc. (3.41%), Patton Albertson Miller Group LLC (2.21%) and Bridgeway Capital Management LLC (1.23%). Insiders that own company stock include Bradley A Moline, D Michael Kramer, David Ray Parker, Joey B Hogan, Matisse Long, Robert E Bosworth and Samuel F Hough.
View institutional ownership trends
.

How do I buy shares of Covenant Logistics Group?

Shares of CVLG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Covenant Logistics Group have any subsidiaries?
The following companies are subsidiares of Covenant Logistics Group: CTG Leasing Company a Nevada corporation, Covenant Asset Management LLC a Nevada limited liability company, Covenant Logistics Inc a Nevada corporation, Covenant Transport Inc a Tennessee corporation dba Covenant Transport Services and Covenant Logistics, Covenant Transport Solutions LLC a Nevada limited liability company, Heritage Insurance Inc a Tennessee corporation, IQS Insurance Risk Retention Group Inc a Vermont corporation, Landair, Landair Holdings Inc a Tennessee corporation, Landair Leasing Inc a Tennessee corporation, Landair Logistics Inc a Tennessee corporation, Landair Transport Inc a Tennessee corporation, Southern Refrigerated Transport LLC an Arkansas limited liability company, Star Transportation LLC a Tennessee limited liability company dba Covenant Transport Services and Covenant Logistics, Transport Enterprise Leasing LLC a Georgia limited liability company, and Transport Management Services LLC a Tennessee limited liability company.
Read More
This page (NASDAQ:CVLG) was last updated on 3/28/2024 by MarketBeat.com Staff

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