Covenant Logistics Group (CVLG) Stock Forecast & Price Target

$56.74 -0.59 (-1.03%)

(As of 11/20/2024 ET)

Covenant Logistics Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 2 Analyst Ratings

Sell
0

Hold
0

Buy
2

Based on 2 Wall Street analysts who have issued ratings for Covenant Logistics Group in the last 12 months, the stock has a consensus rating of "Buy." Out of the 2 analysts, 2 have given a buy rating for CVLG.

Consensus Price Target

$69.50
22.49% Upside

According to the 2 analysts' twelve-month price targets for Covenant Logistics Group, the average price target is $69.50. The highest price target for CVLG is $70.00, while the lowest price target for CVLG is $69.00. The average price target represents a forecasted upside of 22.49% from the current price of $56.74.

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CVLG Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$69.50	$70.00	$70.00	$70.00
Forecasted Upside	22.49% Upside	33.33% Upside	29.80% Upside	62.26% Upside
Consensus Rating	Buy	Buy	Buy	Moderate Buy

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CVLG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CVLG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Covenant Logistics Group Stock vs. The Competition

Type	Covenant Logistics Group	Transportation Companies	S&P 500
Consensus Rating Score	3.00	2.58	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	22.49% Upside	34.00% Upside	9.81% Upside
News Sentiment Rating	Neutral News See Recent CVLG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
10/25/2024	TD Cowen 4 of 5 stars	Lower Target	Buy ➝ Buy	$70.00 ➝ $69.00	+33.72%
1/23/2024	Vertical Research 4 of 5 stars	Initiated Coverage	Buy	$70.00	+44.18%
7/28/2023	Stephens 4 of 5 stars	Boost Target	Overweight	$63.00 ➝ $70.00	+26.17%
1/10/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:42 AM ET.

CVLG Forecast - Frequently Asked Questions

: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Covenant Logistics Group is $69.50, with a high forecast of $70.00 and a low forecast of $69.00.
: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Covenant Logistics Group in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CVLG shares.
: According to analysts, Covenant Logistics Group's stock has a predicted upside of 22.49% based on their 12-month stock forecasts.
: Covenant Logistics Group has been rated by research analysts at TD Cowen in the past 90 days.
: Analysts like Covenant Logistics Group more than other "transportation" companies. The consensus rating for Covenant Logistics Group is Buy while the average consensus rating for "transportation" companies is Moderate Buy. Learn more on how CVLG compares to other companies.

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This page (NASDAQ:CVLG) was last updated on 11/21/2024 by MarketBeat.com Staff

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Covenant Logistics Group (CVLG) Stock Forecast & Price Target