Covenant Logistics Group Stock Buy Hold or Sell Recommendation
| CVLG Stock | USD 44.22 0.33 0.75% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Covenant Logistics Group is 'Strong Buy'. Macroaxis provides Covenant Logistics buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CVLG positions. The advice algorithm takes into account all of Covenant Logistics' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Covenant Logistics' buy or sell advice are summarized below:
Real Value 46.58 | Target Price 62 | Hype Value 44.22 | Market Value 44.22 | Naive Value 41.44 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Covenant Logistics Group given historical horizon and risk tolerance towards Covenant Logistics. When Macroaxis issues a 'buy' or 'sell' recommendation for Covenant Logistics Group, the advice is generated through an automated system that utilizes algorithms and statistical models.
Covenant |
Execute Covenant Logistics Buy or Sell Advice
The Covenant recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Covenant Logistics Group. Macroaxis does not own or have any residual interests in Covenant Logistics Group or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Covenant Logistics' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Covenant Logistics Trading Alerts and Improvement Suggestions
| Covenant Logistics generated a negative expected return over the last 90 days | |
| Covenant Logistics is unlikely to experience financial distress in the next 2 years | |
| About 65.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from seekingalpha.com: |
Covenant Logistics Returns Distribution Density
The distribution of Covenant Logistics' historical returns is an attempt to chart the uncertainty of Covenant Logistics' future price movements. The chart of the probability distribution of Covenant Logistics daily returns describes the distribution of returns around its average expected value. We use Covenant Logistics Group price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Covenant Logistics returns is essential to provide solid investment advice for Covenant Logistics.
| Mean Return | -0.07 | Value At Risk | -2.93 | Potential Upside | 3.04 | Standard Deviation | 1.82 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Covenant Logistics historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Covenant Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Covenant Logistics is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Covenant Logistics Group backward and forwards among themselves. Covenant Logistics' institutional investor refers to the entity that pools money to purchase Covenant Logistics' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Millennium Management Llc | 2023-12-31 | 137.4 K | Charles Schwab Investment Management Inc | 2023-12-31 | 112.5 K | Bank Of New York Mellon Corp | 2023-12-31 | 109.8 K | American Century Companies Inc | 2023-12-31 | 107.7 K | Northern Trust Corp | 2023-12-31 | 85.9 K | Foundry Partners, Llc | 2023-12-31 | 73.6 K | Goldman Sachs Group Inc | 2023-12-31 | 73.3 K | Empowered Funds, Llc | 2023-12-31 | 73.3 K | Aqr Capital Management Llc | 2023-12-31 | 68.8 K | Blackrock Inc | 2023-12-31 | 1.1 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 785.9 K |
Covenant Logistics Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (143K) | 1.1M | (204K) | (193K) | (317K) | (301.2K) | |
| Change In Cash | 20.5M | (35.2M) | 5K | 60.3M | (66.4M) | (63.1M) | |
| Free Cash Flow | (74.2M) | (31.0M) | 37.9M | 58.8M | (132.8M) | (126.1M) | |
| Depreciation | 80.5M | 65.5M | 53.9M | 57.5M | 69.9M | 39.1M | |
| Other Non Cash Items | (8.2M) | 60.1M | (15.8M) | (50.5M) | (26.1M) | (24.8M) | |
| Capital Expenditures | 138.3M | 94.0M | 35.3M | 100.5M | 217.6M | 109.5M | |
| Net Income | 8.5M | (42.7M) | 60.7M | 108.7M | 54.6M | 57.4M | |
| End Period Cash Flow | 43.6M | 8.4M | 8.4M | 68.7M | 2.3M | 2.2M | |
| Investments | (1.4M) | 138.0M | 1.5M | (86.2M) | (181.0M) | (171.9M) | |
| Net Borrowings | 50.6M | (218.5M) | (71.9M) | 77.5M | 89.1M | 93.5M | |
| Change To Netincome | (4.2M) | 47.3M | 11.4M | (30.5M) | (35.0M) | (33.3M) |
Covenant Logistics Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Covenant Logistics or Ground Transportation sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Covenant Logistics' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Covenant stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.2 | |
β | Beta against NYSE Composite | 1.42 | |
σ | Overall volatility | 1.76 | |
Ir | Information ratio | -0.09 |
Covenant Logistics Volatility Alert
Covenant Logistics Group exhibits very low volatility with skewness of 0.18 and kurtosis of -0.38. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Covenant Logistics' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Covenant Logistics' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Covenant Logistics Fundamentals Vs Peers
Comparing Covenant Logistics' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Covenant Logistics' direct or indirect competition across all of the common fundamentals between Covenant Logistics and the related equities. This way, we can detect undervalued stocks with similar characteristics as Covenant Logistics or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Covenant Logistics' fundamental indicators could also be used in its relative valuation, which is a method of valuing Covenant Logistics by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Covenant Logistics to competition |
| Fundamentals | Covenant Logistics | Peer Average |
| Return On Equity | 0.14 | -0.31 |
| Return On Asset | 0.0351 | -0.14 |
| Profit Margin | 0.05 % | (1.27) % |
| Operating Margin | 0.05 % | (5.51) % |
| Current Valuation | 869.19 M | 16.62 B |
| Shares Outstanding | 10.76 M | 571.82 M |
| Shares Owned By Insiders | 27.20 % | 10.09 % |
| Shares Owned By Institutions | 65.17 % | 39.21 % |
| Number Of Shares Shorted | 70.22 K | 4.71 M |
| Price To Earning | 7.43 X | 28.72 X |
| Price To Book | 1.47 X | 9.51 X |
| Price To Sales | 0.54 X | 11.42 X |
| Revenue | 1.1 B | 9.43 B |
| Gross Profit | 238.11 M | 27.38 B |
| EBITDA | 116.18 M | 3.9 B |
| Net Income | 54.63 M | 570.98 M |
| Cash And Equivalents | 4.46 M | 2.7 B |
| Cash Per Share | 0.31 X | 5.01 X |
| Total Debt | 293.46 M | 5.32 B |
| Debt To Equity | 0.31 % | 48.70 % |
| Current Ratio | 1.15 X | 2.16 X |
| Book Value Per Share | 30.86 X | 1.93 K |
| Cash Flow From Operations | 84.84 M | 971.22 M |
| Short Ratio | 0.94 X | 4.00 X |
| Earnings Per Share | 3.95 X | 3.12 X |
| Price To Earnings To Growth | 1.24 X | 4.89 X |
| Target Price | 65.0 | |
| Number Of Employees | 2.9 K | 18.84 K |
| Beta | 1.42 | -0.15 |
| Market Capitalization | 579.92 M | 19.03 B |
| Total Asset | 1 B | 29.47 B |
| Retained Earnings | 378.92 M | 9.33 B |
| Working Capital | 15.65 M | 1.48 B |
Note: Disposition of 12028 shares by Paul Bunn of Covenant Logistics subject to Rule 16b-3 [view details]
Covenant Logistics Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Covenant . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Covenant Logistics Buy or Sell Advice
When is the right time to buy or sell Covenant Logistics Group? Buying financial instruments such as Covenant Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 74.3M | 179.6M | 293.5M | 158.5M | Total Assets | 651.7M | 796.6M | 1.0B | 519.8M |
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Check out Covenant Logistics Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Covenant Stock analysis
When running Covenant Logistics' price analysis, check to measure Covenant Logistics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Covenant Logistics is operating at the current time. Most of Covenant Logistics' value examination focuses on studying past and present price action to predict the probability of Covenant Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covenant Logistics' price. Additionally, you may evaluate how the addition of Covenant Logistics to your portfolios can decrease your overall portfolio volatility.
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Is Covenant Logistics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Covenant Logistics. If investors know Covenant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Covenant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.122 | Dividend Share 0.44 | Earnings Share 3.95 | Revenue Per Share 84.578 | Quarterly Revenue Growth (0.07) |
The market value of Covenant Logistics is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Covenant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covenant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covenant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.