Covenant Logistics Group Inc has a consensus price target of $45.4, established from looking at the 9 latest analyst ratings. The last 3 analyst ratings were released from TD Cowen, Vertical Research, and Stephens & Co. on January 25, 2024, January 23, 2024, and July 28, 2023. With an average price target of $68.67 between TD Cowen, Vertical Research, and Stephens & Co., there's an implied 49.60% upside for Covenant Logistics Group Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
01/25/2024 | CVLG | Buy Now | Covenant Logistics Gr | $45.90 | 43.79% | TD Cowen | Jason Seidl | $51 → $66 | Upgrade | Market Perform → Outperform | Get Alert |
01/23/2024 | CVLG | Buy Now | Covenant Logistics Gr | $45.90 | 52.51% | Vertical Research | Jeffrey Kauffman | → $70 | Initiates | → Buy | Get Alert |
07/28/2023 | CVLG | Buy Now | Covenant Logistics Gr | $45.90 | 52.51% | Stephens & Co. | Jack Atkins | $63 → $70 | Maintains | Overweight | Get Alert |
05/01/2023 | CVLG | Buy Now | Covenant Logistics Gr | $45.90 | 37.25% | Stephens & Co. | Jack Atkins | $50 → $63 | Maintains | Overweight | Get Alert |
01/10/2023 | CVLG | Buy Now | Covenant Logistics Gr | $45.90 | — | Wolfe Research | Scott Group | — | Upgrade | Underperform → Peer Perform | Get Alert |
10/24/2022 | CVLG | Buy Now | Covenant Logistics Gr | $45.90 | -12.85% | Stephens & Co. | Jack Atkins | $35 → $40 | Maintains | Equal-Weight | Get Alert |
04/14/2022 | CVLG | Buy Now | Covenant Logistics Gr | $45.90 | -54.25% | Cowen & Co. | Jason Seidl | $40 → $21 | Downgrade | Outperform → Market Perform | Get Alert |
04/05/2022 | CVLG | Buy Now | Covenant Logistics Gr | $45.90 | -56.43% | Wolfe Research | Scott Group | $21 → $20 | Maintains | Underperform | Get Alert |
01/06/2022 | CVLG | Buy Now | Covenant Logistics Gr | $45.90 | -49.89% | Wolfe Research | Scott Group | → $23 | Downgrade | Peer Perform → Underperform | Get Alert |
The latest price target for Covenant Logistics Gr (NASDAQ: CVLG) was reported by TD Cowen on January 25, 2024. The analyst firm set a price target for $66.00 expecting CVLG to rise to within 12 months (a possible 42.95% upside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Covenant Logistics Gr (NASDAQ: CVLG) was provided by TD Cowen, and Covenant Logistics Gr upgraded their outperform rating.
The last upgrade for Covenant Logistics Group Inc happened on January 25, 2024 when TD Cowen raised their price target to $66. TD Cowen previously had a market perform for Covenant Logistics Group Inc.
The last downgrade for Covenant Logistics Group Inc happened on April 14, 2022 when Cowen & Co. changed their price target from $40 to $21 for Covenant Logistics Group Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Covenant Logistics Gr, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Covenant Logistics Gr was filed on January 25, 2024 so you should expect the next rating to be made available sometime around January 25, 2025.
While ratings are subjective and will change, the latest Covenant Logistics Gr (CVLG) rating was a upgraded with a price target of $51.00 to $66.00. The current price Covenant Logistics Gr (CVLG) is trading at is $46.17, which is out of the analyst’s predicted range.
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