Covenant Logistics Group, Inc. (CVLG)
NASDAQ: CVLG · IEX Real-Time Price · USD
44.75
+0.03 (0.08%)
Apr 26, 2024, 12:54 PM EDT - Market open
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 53.47% from the current stock price of 44.75.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Hold | 1 | 1 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 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 | +47.50% | Jan 25, 2024 |
| Vertical Research | Vertical Research | Strong Buy Initiates $70 | Strong Buy | Initiates | $70 | +56.44% | Jan 23, 2024 |
| Stephens & Co. | Stephens & Co. | Buy Maintains $63 → $70 | Buy | Maintains | $63 → $70 | +56.44% | Jul 28, 2023 |
| Stephens & Co. | Stephens & Co. | Buy Maintains $50 → $63 | Buy | Maintains | $50 → $63 | +40.80% | 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
1.17B
from 1.10B
Increased by 5.66%
Revenue Next Year
1.26B
from 1.17B
Increased by 8.23%
EPS This Year
4.29
from 3.99
Increased by 7.45%
EPS Next Year
5.17
from 4.29
Increased by 20.62%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 1.2B | 1.3B |
| Avg | 1.2B | 1.3B |
| Low | 1.1B | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 8.7% | 11.4% |
| Avg | 5.7% | 8.2% |
| Low | 1.5% | 3.9% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 4.42 | 5.51 |
| Avg | 4.29 | 5.17 |
| Low | 4.12 | 4.70 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 10.8% | 28.6% |
| Avg | 7.5% | 20.6% |
| Low | 3.2% | 9.7% |
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.