Covenant Logistics Group, Stock Buy Hold or Sell Recommendation
| CVLG Stock | USD 58.08 0.17 0.29% |
Given the investment horizon of 90 days and your below-average risk tolerance, our recommendation regarding Covenant Logistics Group, is 'Hold'. 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.
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. Note, we conduct extensive research on individual companies such as Covenant and provide practical buy, sell, or hold advice based on investors' constraints. Covenant Logistics Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
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
 |  |
Hold
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Covenant Logistics Trading Alerts and Improvement Suggestions
| Covenant Logistics is unlikely to experience financial distress in the next 2 years | |
| Covenant Logistics has a strong financial position based on the latest SEC filings | |
| About 66.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: Covenant Logistics Groups Dividend Will Be 0.11 |
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 | 0.18 | Value At Risk | -2.3 | Potential Upside | 2.96 | Standard Deviation | 2.00 |
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
| Shares | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 144.2 K | Charles Schwab Investment Management Inc | 2024-09-30 | 109.6 K | Jacobs Levy Equity Management, Inc. | 2024-09-30 | 101.5 K | Empowered Funds, Llc | 2024-06-30 | 85.3 K | Royce & Associates, Lp | 2024-09-30 | 84.5 K | Bank Of New York Mellon Corp | 2024-06-30 | 80.2 K | Northern Trust Corp | 2024-09-30 | 80.1 K | Aqr Capital Management Llc | 2024-06-30 | 74.7 K | Franklin Resources Inc | 2024-09-30 | 70.1 K | Blackrock Inc | 2024-06-30 | 1.1 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 772.1 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) | (23.8M) | (22.7M) | |
| 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 Dow Jones | -0.06 | |
β | Beta against Dow Jones | 1.79 | |
σ | Overall volatility | 2.03 | |
Ir | Information ratio | 0.02 |
Covenant Logistics Volatility Alert
Covenant Logistics Group, has relatively low volatility with skewness of 2.04 and kurtosis of 8.87. 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 | 0.1 | -0.31 |
| Return On Asset | 0.0407 | -0.14 |
| Profit Margin | 0.04 % | (1.27) % |
| Operating Margin | 0.06 % | (5.51) % |
| Current Valuation | 1.05 B | 16.62 B |
| Shares Outstanding | 10.83 M | 571.82 M |
| Shares Owned By Insiders | 26.67 % | 10.09 % |
| Shares Owned By Institutions | 66.30 % | 39.21 % |
| Number Of Shares Shorted | 128.54 K | 4.71 M |
| Price To Earning | 7.43 X | 28.72 X |
| Price To Book | 1.77 X | 9.51 X |
| Price To Sales | 0.68 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 | 32.74 X | 1.93 K |
| Cash Flow From Operations | 84.84 M | 971.22 M |
| Short Ratio | 1.02 X | 4.00 X |
| Earnings Per Share | 2.97 X | 3.12 X |
| Price To Earnings To Growth | 1.24 X | 4.89 X |
| Target Price | 70.0 | |
| Number Of Employees | 2.9 K | 18.84 K |
| Beta | 1.35 | -0.15 |
| Market Capitalization | 763.24 M | 19.03 B |
| Total Asset | 954.44 M | 29.47 B |
| Retained Earnings | 378.92 M | 9.33 B |
| Working Capital | 15.65 M | 1.48 B |
Note: Disposition of 3000 shares by Moline Bradley A of Covenant Logistics at 60.474 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.
Use Investing Ideas to Build Portfolios
In addition to having Covenant Logistics in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Financials Thematic Idea Now
Financials
Companies that provide financial services to business or retail customers. The Financials theme has 20 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Financials Theme or any other thematic opportunities.
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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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Cargo Ground Transportation space 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 (0.05) | Dividend Share 0.44 | Earnings Share 2.97 | Revenue Per Share 86.188 | Quarterly Revenue Growth (0) |
The market value of Covenant Logistics Group, 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.