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

September 17, 2017 - By Marie Mckinney

 Analysts See $0.16 EPS for Covenant Transportation Group, Inc. (CVTI)
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.
Bridgeway Capital Mgmt Inc has invested 0.05% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Ranger Inv Mngmt Limited Partnership reported 86,835 shares. Foundry Limited Liability Company accumulated 0.21% or 248,785 shares. 1492 Cap Mgmt Ltd Liability Com owns 25,303 shares. Wedge L L P Nc has invested 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). 15,239 are held by Deutsche Bancorporation Ag. Sei Investments Co has invested 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Commonwealth Equity Svcs, Massachusetts-based fund reported 27,717 shares. Metropolitan Life Ins Company New York has invested 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Moreover, Panagora Asset Mngmt has 0% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Pier Ltd Liability stated it has 162,450 shares or 0.57% of all its holdings. Alliancebernstein Limited Partnership stated it has 1.21 million shares. 79,850 are owned by Granite Investment Prns Limited Liability Company. 38,312 were reported by Allianz Asset Management Ag. Bancorporation Of Montreal Can accumulated 343 shares.

Investors wait Covenant Transportation Group, Inc. (NASDAQ:CVTI) to report on October, 18. its quarterly earnings Wall Street analysts expect $0.16 earnings per share, $0.00 or 0.00 % from last year’s $0.16 same quarter earnings. This translates into $2.93 million profit for CVTI giving the stock a 38.69 P/E. This is assuming the current $0.16 EPS is accurate. Covenant Transportation Group, Inc.’s Wall Street analysts see 100.00 % EPS growth, taking into account the $0.08 EPS reproted in the previous quarter, 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. On Friday, October 21 the stock rating was maintained by Cowen & Co with “Outperform”. The rating was maintained by Stifel Nicolaus on Thursday, October 20 with “Buy”. The company was downgraded on Thursday, January 5 by Stifel Nicolaus. Cowen & Co maintained Covenant Transportation Group, Inc. (NASDAQ:CVTI) on Wednesday, January 27 with “Outperform” rating. The stock of Covenant Transportation Group, Inc. (NASDAQ:CVTI) earned “Outperform” rating by Cowen & Co on Friday, October 14. On Monday, August 28 the stock rating was maintained by Cowen & Co with “Buy”. Cowen & Co maintained Covenant Transportation Group, Inc. (NASDAQ:CVTI) on Wednesday, December 16 with “Outperform” rating. Avondale downgraded it to “Market Perform” rating and $20 target in Monday, March 14 report. The company was upgraded on Monday, August 14 by Stephens. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, March 23.

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 Announces First Quarter Financial and Operating …” on April 20, 2017, also Globenewswire.com with their article: “Covenant Transportation Group Announces Unfavorable Court Decision and Impact …” published on May 10, 2017, Globenewswire.com published: “Covenant Transportation Group, Inc. Announces Timing of Fourth Quarter …” on January 20, 2017. More interesting news about Covenant Transportation Group, Inc. (NASDAQ:CVTI) were released by: Fool.com and their article: “An earnings beat sent shares higher, but this may not be the time to buy …” published on April 21, 2017 as well as Seekingalpha.com‘s news article titled: “Covenant Transportation – Valuation May Be Near A Peak” with publication date: September 15, 2017.

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