Covenant Transportation Group, Inc. (NASDAQ:CVTI) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Having a price of $17.73, Covenant Transportation Group, Inc. (NASDAQ:CVTI) traded -1.50% lower on the day. With the last close down -14.25% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Covenant Transportation Group, Inc. has recorded a 50-day average of $19.13 and a two hundred day average of $20.68. Volume of trade was up over the average, with 125,986 shares of CVTI changing hands over the typical 114,734
Zacks Investment Research has upgraded Covenant Transportation Group, Inc. (NASDAQ:CVTI) to Hold in a statement released on 10/12/2016.
Recent Performance Chart
Covenant Transportation Group, Inc. has 52 week low of $13.60 and a 52 week high of $25.77 with a PE ratio of 11.22 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is $26.33 with 3 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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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