Covenant Transportation Group, Inc. (NASDAQ:CVTI) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 27, 2016
Zacks Investment Research has downgraded Covenant Transportation Group, Inc. (NASDAQ:CVTI) to Sell in a statement released on 9/27/2016.
Boasting a price of $18.70, Covenant Transportation Group, Inc. (NASDAQ:CVTI) traded -1.94% lower on the day. With the last stock price close down -10.49% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Covenant Transportation Group, Inc. has recorded a 50-day average of $19.93 and a two hundred day average of $20.89. Volume of trade was down over the average, with 85,228 shares of CVTI changing hands under the typical 118,649
With a total market value of $0, Covenant Transportation Group, Inc. has price-earnings ratio of 11.84 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 Transportation Group, Inc. (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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