Cowen & Co. Maintains Their Buy Rating on Covenant Transportation Group (CVTI)


Cowen & Co. analyst Jason Seidl maintained a Buy rating on Covenant Transportation Group (CVTI) today and set a price target of $21. The company’s shares opened today at $14.65, close to its 52-week low of $13.27.

According to TipRanks.com, Seidl is a top 100 analyst with an average return of 15.0% and a 71.6% success rate. Seidl covers the Utilities sector, focusing on stocks such as Expeditors International, Echo Global Logistics, and Knight Transportation.

Currently, the analyst consensus on Covenant Transportation Group is a Moderate Buy with an average price target of $21.

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The company has a one-year high of $32.34 and a one-year low of $13.27. Currently, Covenant Transportation Group has an average volume of 122.5K.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CVTI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Covenant Transportation Group, Inc. is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Truckload and Managed Freight segments.

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