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Covenant Logistics Group, Inc is currently in a long term uptrend where the price is trading 1.2% above its 200 day moving average.
From a valuation standpoint, the stock is 97.4% cheaper than other stocks from the Industrials sector with a price to sales ratio of 0.4.
Covenant Logistics Group, Inc's total revenue sank by 3.4% to $225M since the same quarter in the previous year.
Its net income has dropped by 2308.7% to $-26M since the same quarter in the previous year.
Finally, its free cash flow fell by 50.2% to $8M since the same quarter in the previous year.
Based on the above factors, Covenant Logistics Group, Inc gets an overall score of 2/5.
CurrencyCode | EUR |
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Exchange | F |
ISIN | US22284P1057 |
Sector | Industrials |
Industry | Trucking |
Market Cap | 423M |
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Dividend Yield | 1.3% |
Target Price | 31.67 |
PE Ratio | 4.8 |
Beta | 1.39 |
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers. This segment also provides shuttle and switching services to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.
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