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

Cowen lowered the target price of Covenant Transport (NYSE:CVTI) to $24.00 indicating a possible upside of 0.58%.

On 07/29/2016, Cowen released a statement about Covenant Transport (NYSE:CVTI) bumped down the target price from $30.00 to $29.00 that suggested an upside of 0.29%.

Boasting a price of $15.22, Covenant Transport (NYSE:CVTI) traded -16.24% lower on the day. With the last close down -28.04% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. CVTI has recorded a 50-day moving average of $18.99 and a 200-day moving average of $20.64. 1,492,587 shares of CVTI traded hands, up from an average trading volume of 134,100

Recent Performance Chart

Covenant Transport (NYSE:CVTI)

Covenant Transport has a 52 week low of $13.60 and a 52 week high of $25.77 with a P/E ratio of 9.40 The company’s market cap is currently $0.

In addition to Cowen reporting its target price, a total of 6 brokers have issued a report on the stock. The consensus target price is $26.33 with 3 brokers rating the stock a strong buy, 1 broker rating the stock a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Covenant Transport (NYSE: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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