Covenant Transportation Group, Inc. (CVTI) Analysts See $0.16 EPS

September 17, 2017 - By reb123z

 Covenant Transportation Group, Inc. (CVTI) Analysts See $0.16 EPS
Investors sentiment increased to 1.41 in 2016 Q4. Its up 0.22, from 1.19 in 2016Q3. It is positive, as 13 investors sold Covenant Transportation Group, Inc. shares while 21 reduced holdings. 18 funds opened positions while 30 raised stakes. 10.12 million shares or 8.25% less from 11.03 million shares in 2016Q3 were reported.
Driehaus Mgmt reported 0.1% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Northern Tru reported 143,499 shares or 0% of all its holdings. Weiss Multi, a Alabama-based fund reported 77,500 shares. 62,512 were accumulated by Fisher Asset Management Lc. Ranger Invest Limited Partnership owns 0.12% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 86,835 shares. Rhumbline Advisers holds 12,426 shares or 0% of its portfolio. Blackrock Advisors Lc holds 6,593 shares. Secor L P holds 0.06% or 26,576 shares. Fmr Ltd Com has invested 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Bankshares Of Montreal Can holds 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI) or 343 shares. Jpmorgan Chase & Company holds 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI) or 18,870 shares. Livingston Gru Asset Mngmt (Operating As Southport Cap Management) holds 96,726 shares or 1.14% of its portfolio. Cortina Asset Ltd Limited Liability Company holds 0.26% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 322,324 shares. 1492 Capital Management Limited owns 25,303 shares for 0.38% of their portfolio. Legal General Gp Public Limited Company reported 0% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI).

Wall Street await Covenant Transportation Group, Inc. (NASDAQ:CVTI) to release earnings on October, 18. Analysts forecast EPS of $0.16, exactly $0.00 or 0.00 % from 2014’s $0.16 EPS. The expected CVTI’s profit could reach $2.93 million giving the stock 38.69 P/E in the case that $0.16 earnings per share is reported. After posting $0.08 EPS for the previous quarter, Covenant Transportation Group, Inc.’s analysts now forecast 100.00 % EPS growth. The stock decreased 0.36% or $0.09 on September 15, reaching $24.76. About 125,212 shares traded or 2.65% up from the average. Covenant Transportation Group, Inc. (NASDAQ:CVTI) has declined 12.60% since September 17, 2016 and is downtrending. It has underperformed by 29.30% the S&P500.

Covenant Transportation Group, Inc. (NASDAQ:CVTI) Ratings Coverage

Among 4 analysts covering Covenant Transportation Group (NASDAQ:CVTI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Covenant Transportation Group had 11 analyst reports since October 19, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, March 23 by Stifel Nicolaus. Cowen & Co maintained the stock with “Outperform” rating in Wednesday, January 27 report. As per Monday, August 28, the company rating was maintained by Cowen & Co. Cowen & Co maintained the shares of CVTI in report on Friday, October 21 with “Outperform” rating. Avondale downgraded Covenant Transportation Group, Inc. (NASDAQ:CVTI) rating on Monday, March 14. Avondale has “Market Perform” rating and $20 target. The firm has “Buy” rating given on Monday, August 14 by Stephens. The firm earned “Buy” rating on Thursday, October 20 by Stifel Nicolaus. The firm has “Hold” rating given on Thursday, January 5 by Stifel Nicolaus. Cowen & Co maintained it with “Outperform” rating and $34 target in Wednesday, December 16 report. Cowen & Co maintained it with “Outperform” rating and $24 target in Friday, October 14 report.

Covenant Transportation Group, Inc. is a well-known provider of expedited long haul freight transportation, primarily using two-person driver teams in transcontinental lanes. The company has market cap of $452.80 million. The Company’s services also include refrigerated, dedicated, cross-border, regional and brokerage. It has a 43.74 P/E ratio. The Company’s divisions include Truckload and Other.

More notable recent Covenant Transportation Group, Inc. (NASDAQ:CVTI) news were published by: Globenewswire.com which released: “Covenant Transportation Group, Inc. Announces Timing of Fourth Quarter …” on January 20, 2017, also Globenewswire.com with their article: “Covenant Transportation Group, Inc. Announces Timing of Second Quarter …” published on July 20, 2017, Seekingalpha.com published: “An Ugly Quarter At Covenant Transport” on October 20, 2016. More interesting news about Covenant Transportation Group, Inc. (NASDAQ:CVTI) were released by: Globenewswire.com and their article: “Covenant Transportation Group Announces Unfavorable Court Decision and Impact …” published on May 10, 2017 as well as Fool.com‘s news article titled: “An earnings beat sent shares higher, but this may not be the time to buy …” with publication date: April 21, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.