Covenant Logistics Group Inc has a consensus price target of $57.5 based on the ratings of 5 analysts. The high is $70 issued by Vertical Research on January 23, 2024. The low is $21 issued by Cowen & Co. on April 14, 2022. The 3 most-recent analyst ratings were released by TD Cowen on October 25, 2024, July 26, 2024, and January 25, 2024, respectively. With an average price target of $68.33 between TD Cowen, there's an implied 25.66% upside for Covenant Logistics Group Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Covenant Logistics Gr (NYSE:CVLG) was reported by TD Cowen on October 25, 2024. The analyst firm set a price target for $69.00 expecting CVLG to rise to within 12 months (a possible 26.88% upside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Covenant Logistics Gr (NYSE:CVLG) was provided by TD Cowen, and Covenant Logistics Gr maintained their buy 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 October 25, 2024 so you should expect the next rating to be made available sometime around October 25, 2025.
While ratings are subjective and will change, the latest Covenant Logistics Gr (CVLG) rating was a maintained with a price target of $70.00 to $69.00. The current price Covenant Logistics Gr (CVLG) is trading at is $54.38, which is out of the analyst’s predicted range.
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