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A statement released earlier today by Cowen about Covenant Transport (NASDAQ:CVTI) bumps down the target price to $24.00

Cowen bumped down the target of Covenant Transport (NASDAQ:CVTI) to $24.00 stating a potential upside of 0.62%.

Boasting a price of $14.85, Covenant Transport (NASDAQ:CVTI) traded -16.24% lower on the day. With the last stock price close down -28.04% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Covenant Transport has recorded a 50-day average of $18.99 and a two hundred day average of $20.64. Volume of trade was up over the average, with 1,492,587 shares of CVTI changing hands over the typical 134,100

Performance Chart

Covenant Transport (NASDAQ:CVTI)

With a total market value of $0, Covenant Transport has price-earnings ratio of 9.40 with a one year low of $13.60 and a one year high of $25.77 .

A total of 6 equity analysts have released a ratings update on CVTI. Three equity analysts rating the company a strong buy, one equity analyst rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $26.33.

Brief Synopsis About Covenant Transport (NASDAQ:CVTI)

Covenant Transportation Group, Inc. is a truckload transportation company. The Company provides truckload transportation and brokerage services to customers throughout the continental United States, into and out of Mexico, and into and out of portions of Canada. It operates through the asset-based truckload services (Truckload) segment. The Truckload segment consists of three asset-based operating fleets: Covenant Transport, Inc. (Covenant Transport) that provides expedited long haul, dedicated, temperature-controlled, and regional solo-driver service; Southern Refrigerated Transport, Inc. (SRT), which provides long haul, regional, and intermodal temperature-controlled service, and Star Transportation, Inc. (Star) that provides regional solo-driver and services, primarily in the southeastern United States. In addition, its Covenant Transport Solutions, Inc. (Solutions) subsidiary has service offerings ancillary to its Truckload operations, including freight brokerage services.

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