Covenant Logistics Group, Inc. (CVLG)
NASDAQ: CVLG · IEX Real-Time Price · USD
50.70
+0.19 (0.38%)
At close: Jul 19, 2024, 4:00 PM
50.80
+0.10 (0.20%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Covenant Logistics Group Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for CVLG stock have an average target of 68.67, with a low estimate of 66 and a high estimate of 70. The average target predicts an increase of 35.44% from the current stock price of 50.70.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jan 25, 2024.
Analyst Ratings
The average analyst rating for CVLG stock from 3 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
---|---|---|---|---|---|---|
Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
Buy | 2 | 2 | 2 | 2 | 2 | 2 |
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 | 3 | 3 | 3 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
TD Cowen | TD Cowen | Hold → Buy Upgrades $51 → $66 | Hold → Buy | Upgrades | $51 → $66 | +30.18% | Jan 25, 2024 |
Vertical Research | Vertical Research | Strong Buy Initiates $70 | Strong Buy | Initiates | $70 | +38.07% | Jan 23, 2024 |
Stephens & Co. | Stephens & Co. | Buy Maintains $63 → $70 | Buy | Maintains | $63 → $70 | +38.07% | Jul 28, 2023 |
Stephens & Co. | Stephens & Co. | Buy Maintains $50 → $63 | Buy | Maintains | $50 → $63 | +24.26% | May 1, 2023 |
Wolfe Research | Wolfe Research | Sell → Hold Upgrades n/a | Sell → Hold | Upgrades | n/a | n/a | Jan 10, 2023 |
Financial Forecast
Revenue This Year
1.20B
from 1.10B
Increased by 9.01%
Revenue Next Year
1.31B
from 1.20B
Increased by 8.89%
EPS This Year
4.18
from 3.99
Increased by 4.81%
EPS Next Year
5.26
from 4.18
Increased by 25.67%
Revenue Forecast
Revenue | 2024 | 2025 |
---|---|---|
High | 1.3B | 1.4B |
Avg | 1.2B | 1.3B |
Low | 1.1B | 1.2B |
Revenue Growth
Revenue Growth | 2024 | 2025 |
---|---|---|
High | 13.3% | 13.8% |
Avg | 9.0% | 8.9% |
Low | 3.4% | 2.7% |
EPS Forecast
EPS | 2024 | 2025 |
---|---|---|
High | 4.39 | 5.81 |
Avg | 4.18 | 5.26 |
Low | 3.94 | 4.70 |
EPS Growth
EPS Growth | 2024 | 2025 |
---|---|---|
High | 10.0% | 38.8% |
Avg | 4.8% | 25.7% |
Low | -1.3% | 12.5% |
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.