CovenantLogisticsGroupInc . (NASDAQ: CVLG) is one of 20 publicly-traded companies in the “Trucking, except local” industry, but how does it weigh in compared to its competitors? We will compare CovenantLogisticsGroupInc . to similar businesses based on the strength of its analyst recommendations, institutional ownership, valuation, dividends, earnings, profitability and risk.
Volatility and Risk
CovenantLogisticsGroupInc . has a beta of 1.62, suggesting that its share price is 62% more volatile than the S&P 500. Comparatively, CovenantLogisticsGroupInc .’s competitors have a beta of 1.57, suggesting that their average share price is 57% more volatile than the S&P 500.
Institutional and Insider Ownership
51.3% of CovenantLogisticsGroupInc . shares are held by institutional investors. Comparatively, 51.8% of shares of all “Trucking, except local” companies are held by institutional investors. 32.5% of CovenantLogisticsGroupInc . shares are held by company insiders. Comparatively, 24.5% of shares of all “Trucking, except local” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Valuation and Earnings
This table compares CovenantLogisticsGroupInc . and its competitors top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|CovenantLogisticsGroupInc .||$894.53 million||$8.48 million||28.61|
|CovenantLogisticsGroupInc . Competitors||$2.74 billion||$130.62 million||20.48|
CovenantLogisticsGroupInc .’s competitors have higher revenue and earnings than CovenantLogisticsGroupInc .. CovenantLogisticsGroupInc . is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
This is a summary of current ratings and target prices for CovenantLogisticsGroupInc . and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|CovenantLogisticsGroupInc . Competitors||396||1441||1210||77||2.31|
CovenantLogisticsGroupInc . currently has a consensus target price of $26.00, suggesting a potential upside of 49.00%. As a group, “Trucking, except local” companies have a potential downside of 6.27%. Given CovenantLogisticsGroupInc .’s stronger consensus rating and higher probable upside, equities analysts plainly believe CovenantLogisticsGroupInc . is more favorable than its competitors.
This table compares CovenantLogisticsGroupInc . and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|CovenantLogisticsGroupInc . Competitors||3.74%||9.79%||5.34%|
CovenantLogisticsGroupInc . competitors beat CovenantLogisticsGroupInc . on 8 of the 13 factors compared.
CovenantLogisticsGroupInc . Company Profile
Covenant Logistics Group, Inc. is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Highway Services and Dedicated Contract Services. The Highway Services Segment includes two separate service offerings: Expedited Services (“”Expedited””) and Over-the-Road Services (“”OTR””), both of which transport one-way freight over nonroutine routes. The Dedicated Contract Services Segment provides similar transportation services, but does so pursuant to agreements whereby equipment available to a specific customer for shipments over particular routes at specified times. The company was founded by David Ray Parker in 1985 and is headquartered in Chattanooga, TN.
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