Covenant Logistics Group, Inc. (CVLG)
NYSE: CVLG · Real-Time Price · USD
54.63
-0.73 (-1.32%)
Dec 27, 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 27.22% from the current stock price of 54.63.
Analyst Consensus: Strong Buy
* 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 2 | 2 | 2 |
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 | +26.30% | Oct 25, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $65 → $70 | Strong Buy | Maintains | $65 → $70 | +28.13% | Jul 26, 2024 |
| TD Cowen | TD Cowen | Hold → Buy Upgrades $51 → $66 | Hold → Buy | Upgrades | $51 → $66 | +20.81% | Jan 25, 2024 |
| Vertical Research | Vertical Research | Strong Buy Initiates $70 | Strong Buy | Initiates | $70 | +28.13% | Jan 23, 2024 |
| Stephens & Co. | Stephens & Co. | Buy Maintains $63 → $70 | Buy | Maintains | $63 → $70 | +28.13% | Jul 28, 2023 |
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
4.06
from 3.99
Increased by 1.57%
EPS Next Year
4.94
from 4.06
Increased by 21.79%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| 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 | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.7% | 10.6% | 11.2% |
| Avg | 5.3% | 6.4% | 8.0% |
| Low | 0.8% | 0.3% | 3.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.21 | 5.49 | 6.04 |
| Avg | 4.06 | 4.94 | 5.74 |
| Low | 3.87 | 4.46 | 5.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.4% | 35.4% | 22.2% |
| Avg | 1.6% | 21.8% | 16.1% |
| Low | -3.1% | 9.9% | 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.