Covenant Logistics Group (NYSE:CVLG) Lowered to Hold Rating by Wall Street Zen

Posted by Brian Himes on Aug 9th, 2026

Wall Street Zen cut shares of Covenant Logistics Group (NYSE:CVLG – Free Report) from a buy rating to a hold rating in a report published on Saturday.

Several other brokerages have also commented on CVLG. Stephens set a $54.00 price target on shares of Covenant Logistics Group and gave the stock an “overweight” rating in a report on Friday, July 31st. Weiss Ratings upgraded shares of Covenant Logistics Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. TD Cowen boosted their target price on shares of Covenant Logistics Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Citizens Jmp assumed coverage on shares of Covenant Logistics Group in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $60.00 price target for the company. Finally, Citigroup started coverage on shares of Covenant Logistics Group in a research note on Wednesday, July 15th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Covenant Logistics Group presently has a consensus rating of “Buy” and an average target price of $52.25.

Get Our Latest Stock Analysis on Covenant Logistics Group

Covenant Logistics Group Stock Down 0.5%

Shares of CVLG opened at $34.77 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.50. Covenant Logistics Group has a 12 month low of $18.00 and a 12 month high of $49.88. The stock’s 50 day moving average is $43.44 and its two-hundred day moving average is $34.52. The firm has a market cap of $875.16 million, a P/E ratio of 316.12 and a beta of 1.32.

Covenant Logistics Group (NYSE:CVLG – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter. Covenant Logistics Group had a return on equity of 9.15% and a net margin of 0.31%.The business had revenue of $332.87 million during the quarter. Analysts predict that Covenant Logistics Group will post 1.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Joey B. Hogan sold 12,800 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $39.18, for a total value of $501,504.00. Following the completion of the sale, the director directly owned 91,294 shares in the company, valued at $3,576,898.92. This represents a 12.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joey Ballard sold 4,282 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $37.40, for a total transaction of $160,146.80. Following the completion of the transaction, the executive vice president directly owned 20,867 shares in the company, valued at approximately $780,425.80. This represents a 17.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 24,800 shares of company stock worth $963,535 in the last 90 days. 36.70% of the stock is currently owned by insiders.

Institutional Trading of Covenant Logistics Group

A number of hedge funds have recently bought and sold shares of CVLG. Quarry LP acquired a new position in shares of Covenant Logistics Group during the 3rd quarter worth approximately $33,000. BNP Paribas Financial Markets increased its holdings in shares of Covenant Logistics Group by 45.3% in the second quarter. BNP Paribas Financial Markets now owns 1,562 shares of the company’s stock valued at $38,000 after purchasing an additional 487 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Covenant Logistics Group during the second quarter worth approximately $39,000. Tower Research Capital LLC TRC lifted its position in Covenant Logistics Group by 127.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,971 shares of the company’s stock worth $48,000 after buying an additional 1,103 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Covenant Logistics Group by 204.6% during the fourth quarter. State of Alaska Department of Revenue now owns 3,515 shares of the company’s stock worth $77,000 after buying an additional 2,361 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Covenant Logistics Group Company Profile

(Get Free Report)

Covenant Logistics Group provides a comprehensive suite of transportation and logistics services across North America. The company’s core offerings include less‐than‐truckload (LTL) and full truckload hauling, temperature‐controlled freight, intermodal transportation and freight brokerage. Covenant also delivers specialized solutions such as expedited “hot‐shot” deliveries, cross‐border shipping to Canada and Mexico, and dedicated contract carriage for time‐sensitive or high‐value shipments.

With a network of service centers, terminals and partner carriers strategically located throughout the United States, Covenant supports diverse industries including food and beverage, automotive, retail, energy and manufacturing.