The price of CVLG is predicted to go up 14.93%, based on the high correlation periods with RGLD. The similarity of these two price pattern on the periods is 90.02%.
CVLG
RGLD
Up: 14.93%Similarity: 90.02%
CVLG Revenue Forecast
CVLG EPS Forecast
CVLG FAQs
What is bull’s view on CVLG?
CVLG stock has a bullish outlook with a price target of $33.00, supported by TD Cowen analyst Jason Seidl's "Buy" rating. Despite mixed Q4 results, management's optimism about freight re-pricing opportunities and potential margin improvements in the Expedited segment strengthen the case for long-term growth. However, insider selling and short-term challenges may temper immediate upside momentum.
What is bear's view on CVLG?
CVLG stock faces bearish sentiment due to insider selling and a reduced price target of $33, reflecting mixed Q4 results and challenges in the Dedicated segment. The technical sentiment is "Strong Sell," with potential downside risks outweighing near-term recovery prospects. Current market conditions suggest caution as the stock trades below its revised target.
What is CVLG revenue forecast for next quarter?
The market consensus for CVLG's revenue in the upcoming quarter is projected to be approximately $281.187M USD.
What is CVLG eps forecast for next quarter?
The market consensus for CVLG's eps in the upcoming quarter is projected to be approximately $0.412 USD.
TD Cowen lowered the firm's price target on Covenant Logistics to $69 from $70 and keeps a Buy rating on the shares. The firm said 3Q was slightly above expectations though softness in Expedited led us to marginally roll back Q4 expectations due partially to storms in early Q4.