Covenant Logistics Group, Inc. (CVLG)
NYSE: CVLG · Real-Time Price · USD
57.77
+0.81 (1.42%)
Nov 22, 2024, 4:00 PM EST - Market closed

Covenant Logistics Group Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for CVLG stock have an average target of 69.5, with a low estimate of 69 and a high estimate of 70. The average target predicts an increase of 20.30% from the current stock price of 57.77.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $69 $69.5 $70 $70
Change +19.44% +20.30% +21.17% +21.17%
* Price targets were last updated on Oct 25, 2024.

Analyst Ratings

The average analyst rating for CVLG stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 122222
Buy 211100
Hold 000000
Sell 000000
Strong Sell 000000
Total 333322

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
TD Cowen
TD Cowen
Strong Buy
Maintains
$70$69
Strong Buy Maintains $70$69 +19.44% Oct 25, 2024
TD Cowen
TD Cowen
Strong Buy
Maintains
$65$70
Strong Buy Maintains $65$70 +21.17% Jul 26, 2024
TD Cowen
TD Cowen
Buy
Upgrades
$51$66
Buy Upgrades $51$66 +14.25% Jan 25, 2024
Vertical Research
Vertical Research
Strong Buy
Initiates
$70
Strong Buy Initiates $70 +21.17% Jan 23, 2024
Stephens & Co.
Stephens & Co.
Buy
Maintains
$63$70
Buy Maintains $63$70 +21.17% Jul 28, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
1.16B
from 1.10B
Increased by 5.29%
Revenue Next Year
1.24B
from 1.16B
Increased by 6.37%
EPS This Year
4.07
from 3.99
Increased by 1.91%
EPS Next Year
4.94
from 4.07
Increased by 21.39%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
885.39M838.56M1.05B1.22B1.10B1.16B1.24B1.34B
Revenue Growth
0.56%-5.29%24.74%16.33%-9.31%5.29%6.37%8.01%
EPS
0.45-2.463.577.003.994.074.945.74
EPS Growth
-80.22%--96.07%-42.94%1.91%21.39%16.14%
Forward PE
-----14.1911.6910.07
No. Analysts -----664
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 1.2B 1.3B 1.4B
Avg 1.2B 1.2B 1.3B
Low 1.1B 1.2B 1.3B

Revenue Growth

Revenue Growth 202420252026
High
8.7%
10.6%
11.2%
Avg
5.3%
6.4%
8.0%
Low
0.8%
0.3%
3.8%

EPS Forecast

EPS 202420252026
High 4.21 5.49 6.04
Avg 4.07 4.94 5.74
Low 3.89 4.46 5.39

EPS Growth

EPS Growth 202420252026
High
5.4%
34.9%
22.2%
Avg
1.9%
21.4%
16.1%
Low
-2.6%
9.6%
9.1%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.