Shares of Covenant Logistics Group Inc. (NASDAQ:CVLG) traded at a new 52-week high today of $34.96. Approximately 3 million shares have changed hands today, as compared to an average 30-day volume of 96,000 shares.
Over the past year, Covenant Logistics Group Inc. has traded in a range of $13.30 to $34.75 and is now at $19.41.
Potential upside of 5.1% exists for Covenant Logistics Group Inc., based on a current level of $19.41 and analysts’ average consensus price target of $20.41.
Covenant Logistics Group Inc, formerly Covenant Transportation Group Inc, together with its wholly-owned subsidiaries offers truckload transportation and freight brokerage services to customers throughout the continental United States. The company’s reportable segments include Highway Services, Dedicated Contract Services, Managed Freight, and Factoring. Highway Services are further divided into Expedited and OTR while Managed Freight is divided into Brokerage, TMS(Transportation management services, and Warehousing. The Highway and the Dedicated segments contribute to the majority of the revenue.
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