$54.29
0.62% today
Nasdaq, Dec 30, 09:42 pm CET
ISIN
US22284P1057
Symbol
CVLG

Covenant Transportation Group, Inc. Class A Target price 2024 - Analyst rating & recommendation

Covenant Transportation Group, Inc. Class A Classifications & Recommendation:

Buy
75%
Hold
25%

Covenant Transportation Group, Inc. Class A Price Target

Target Price $70.00
Price $54.63
Potential
Number of Estimates 3
3 Analysts have issued a price target Covenant Transportation Group, Inc. Class A 2025 . The average Covenant Transportation Group, Inc. Class A target price is $70.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 4 analysts: 3 Analysts recommend Covenant Transportation Group, Inc. Class A to buy, 1 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Covenant Transportation Group, Inc. Class A stock has an average upside potential 2025 of . Most analysts recommend the Covenant Transportation Group, Inc. Class A stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 1.10 1.14
9.31% 3.20%
EBITDA Margin 10.53% 12.98%
7.08% 23.29%
Net Margin 4.77% 3.91%
37.15% 17.95%

3 Analysts have issued a sales forecast Covenant Transportation Group, Inc. Class A 2024 . The average Covenant Transportation Group, Inc. Class A sales estimate is

$1.1b
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. This is
0.95% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.1b 1.28%
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, the lowest is
$1.1b 0.62%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.1b 9.31%
2024
$1.1b 3.20%
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2025
$1.2b 5.70%
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2026
$1.3b 8.75%
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3 Analysts have issued an Covenant Transportation Group, Inc. Class A EBITDA forecast 2024. The average Covenant Transportation Group, Inc. Class A EBITDA estimate is

$148m
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. This is
9.77% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$161m 19.19%
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, the lowest is
$136m 0.96%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $116m 15.73%
2024
$148m 27.23%
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2025
$161m 8.95%
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2026
$160m 0.83%
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EBITDA Margin

2023 10.53% 7.08%
2024
12.98% 23.29%
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2025
13.38% 3.08%
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2026
12.20% 8.82%
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2 Covenant Transportation Group, Inc. Class A Analysts have issued a net profit forecast 2024. The average Covenant Transportation Group, Inc. Class A net profit estimate is

$44.5m
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. This is
11.09% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$45.7m 13.96%
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, the lowest is
$43.4m 8.22%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $52.6m 43.00%
2024
$44.5m 15.36%
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2025
$63.5m 42.57%
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Net Margin

2023 4.77% 37.15%
2024
3.91% 17.95%
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2025
5.27% 34.78%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 3.99 3.38
43.00% 15.29%
P/E 16.18
EV/Sales 0.88

2 Analysts have issued a Covenant Transportation Group, Inc. Class A forecast for earnings per share. The average Covenant Transportation Group, Inc. Class A <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$3.38
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. This is
11.18% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$3.46 13.82%
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, the lowest is
$3.29 8.22%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $3.99 43.00%
2024
$3.38 15.29%
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2025
$4.81 42.31%
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P/E ratio

Current 17.97 54.78%
2024
16.18 9.96%
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2025
11.35 29.85%
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Based on analysts' sales estimates for 2024, the Covenant Transportation Group, Inc. Class A stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 0.89 21.92%
2024
0.88 1.21%
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2025
0.83 5.39%
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2026
0.76 8.04%
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P/S ratio

Current 0.64 22.50%
2024
0.63 0.94%
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2025
0.60 5.39%
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2026
0.55 8.04%
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