Covenant Logistics Group Stock Forecast for 2023 - 2025 - 2030

Updated on 04/27/2024

Stock Rating
13
Price Target
$65.00
Consensus
Outperform
Upside
44.77%
Analysts
3
Stock Rating
13
Upside
44.77%
Analysts
3
Price Target
$65.00

Covenant Logistics Group Stock Forecast and Price Target

According to three experts, who recently provided their 2024 price targets for Covenant Logistics Group, the average price target is $65.00, with a high estimate of $70.00 and a low estimate of $60.00. That is a potential upside of approximately 44.77% from the last closing price of $44.90 on April, 2024. Even if you are not interested in CVLG stock, it is still imperative to be aware of its competitors.

$65.00

44.77% Upside

Buy
Buy

Covenant Logistics Group Fair Value Forecast for 2023 - 2025 - 2030

In the last four years, Covenant Logistics Group's Price has decreased from $10.86 to $0.00 – a 100.00% drop! For the next year, analysts predict that Fair Value will reach $43.76 – an increase of 100.00%. Over the next seven years, experts believe that Covenant Logistics Group's Fair Value will grow at a rate of 100.00%.

2024 Fair Value Forecast
$43.76
2025 Fair Value Forecast
$51.10
2026 Fair Value Forecast
$48.66
2027 Fair Value Forecast
$30.92
2028 Fair Value Forecast
$35.87
2029 Fair Value Forecast
$41.68
2030 Fair Value Forecast
$45.79
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
UBER Stock Forecast Uber Technologies Buy 14
$69.05 Buy/Sell $65.86 30.34%
FDX Stock Forecast FedEx Corp Outperform 10
$265.84 Buy/Sell $295.33 16.61%
ODFL Stock Forecast Old Dominion Freight Line Hold 10
$182.42 Buy/Sell $403.11 12.65%
JBHT Stock Forecast J.B. Hunt Transport Services Outperform 14
$162.01 Buy/Sell $207.71 22.83%
SAIA Stock Forecast Saia Inc Outperform 15
$428.81 Buy/Sell $446.61 40.85%

Covenant Logistics Group Revenue Forecast for 2023 - 2025 - 2030

In the last three years, Covenant Logistics Group's Revenue has grown by 31.60%, rising from $838.56M to $1.10B. For the next year, analysts predict that Revenue will reach $1.18B – an increase of 7.15%. Over the next seven years, experts believe that Covenant Logistics Group's Revenue will grow at a rate of 13.05%.

2024 Rev Forecast
$1.18B
2025 Rev Forecast
$1.29B
2026 Rev Forecast
$1.27B
2027 Rev Forecast
$1.21B
2028 Rev Forecast
$1.21B
2029 Rev Forecast
$1.23B
2030 Rev Forecast
$1.25B
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
XPO Stock Forecast XPO Outperform 16
$110.90 Buy/Sell $87.05 24.44%
CHRW Stock Forecast C.H. Robinson Worldwide Hold 9
$70.22 Buy/Sell $81.14 11.08%
KNX Stock Forecast Knight-Swift Transportation Ho... Outperform 18
$46.89 Buy/Sell $61.11 17.30%

Covenant Logistics Group Dividend per Share Forecast for 2023 - 2025 - 2030

In the last year, Covenant Logistics Group's Dividend per Share has grown, moving from $0.29 to $0.44 – an increase of 51.72%. According to the 0 analysts polled, in the next year, Covenant Logistics Group's Dividend per Share will fall by 34.09%, reaching $0.29. By 2030, professionals believe that Covenant Logistics Group's Dividend per Share will have decreased by 18.41%, falling to $0.36.

2024 DPS Forecast
$0.29
2025 DPS Forecast
$0.36
2026 DPS Forecast
$0.36
2027 DPS Forecast
$0.40
2028 DPS Forecast
$0.36
2029 DPS Forecast
$0.36
2030 DPS Forecast
$0.36
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
LSTR Stock Forecast Landstar System Hold 18
$177.26 Buy/Sell $173.07 -3.53%
R Stock Forecast Ryder System Outperform 16
$121.95 Buy/Sell $116.17 3.32%
SNDR Stock Forecast Schneider National Outperform 18
$21.35 Buy/Sell $26.43 17.10%

Covenant Logistics Group Free Cash Flow Forecast for 2023 - 2025 - 2030

2024 FCF Forecast
$0.06B
2025 FCF Forecast
$0.05B
2026 FCF Forecast
$0.06B
2027 FCF Forecast
$0.06B
2028 FCF Forecast
$0.06B
2029 FCF Forecast
$0.06B
2030 FCF Forecast
$0.06B
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
ARCB Stock Forecast ArcBest Outperform 16
$127.89 Buy/Sell $155.25 25.11%
WERN Stock Forecast Werner Enterprises Hold 17
$34.74 Buy/Sell $42.75 20.90%
HUBG Stock Forecast Hub Group Outperform 16
$39.93 Buy/Sell $93.88 12.70%

Covenant Logistics Group EBITDA Forecast for 2023 - 2025 - 2030

Covenant Logistics Group's EBITDA has seen growth In the last three years, going from $70.32M to $119.16M – a gain of 69.45% In the next year, analysts believe that EBITDA will reach $135.10M – an increase of 13.38%. For the next seven years, the forecast is forEBITDA to grow by 23.30%.

2024 EBITDA Forecast
$0.14B
2025 EBITDA Forecast
$0.16B
2026 EBITDA Forecast
$0.15B
2027 EBITDA Forecast
$0.14B
2028 EBITDA Forecast
$0.14B
2029 EBITDA Forecast
$0.14B
2030 EBITDA Forecast
$0.15B
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
PATK Stock Forecast Patrick Industries Outperform 18
$105.49 Buy/Sell $108.38 13.75%
MRTN Stock Forecast Marten Transport Buy 16
$16.94 Buy/Sell $24.50 35.77%
FWRD Stock Forecast Forward Air Hold 18
$22.27 Buy/Sell $80.25 48.18%

Covenant Logistics Group EBIT Forecast for 2023 - 2025 - 2030

In the last three years, EBIT for Covenant Logistics Group has grown by 916.94%, going from $4.84M to $49.22M. In the coming year, analysts are expecting an increase in EBIT, predicting it will reach $68.90M – an increase of 39.98%. Over the next seven years, experts anticipate that EBIT growth for Covenant Logistics Group will be 64.99%.

2024 EBIT Forecast
$0.07B
2025 EBIT Forecast
$0.08B
2026 EBIT Forecast
$0.09B
2027 EBIT Forecast
$0.07B
2028 EBIT Forecast
$0.07B
2029 EBIT Forecast
$0.08B
2030 EBIT Forecast
$0.08B
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
ULH Stock Forecast Universal Logistics Holdings Buy 16
$45.84 Buy/Sell $35.00 -21.47%
HTLD Stock Forecast Heartland Express Hold 14
$10.36 Buy/Sell $15.29 15.83%
DSKE Stock Forecast Daseke - 14
$8.25 Buy/Sell $8.53 -100.00%

Covenant Logistics Group EPS Price Prediction Forecast for 2023 - 2025 - 2030

In the last four years, Covenant Logistics Group's EPS has decreased from $1.08 to $0.00 – a 100.00% drop! For the next year, analysts predict that EPS will reach $4.35 – an increase of 100.00%. Over the next seven years, experts believe that Covenant Logistics Group's EPS will grow at a rate of 100.00%.

2024 EPS Forecast
$4.35
2025 EPS Forecast
$5.08
2026 EPS Forecast
$4.84
2027 EPS Forecast
$3.07
2028 EPS Forecast
$3.57
2029 EPS Forecast
$4.14
2030 EPS Forecast
$4.55
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
PTSI Stock Forecast P.A.M. Transportation Services Hold 16
$16.84 Buy/Sell $25.00 0.95%
RRTS Stock Forecast Roadrunner Transportation Syst... - 6
$1.40 Buy/Sell $10.00 -100.00%
CGIP Stock Forecast Celadon Group - 4
$0.00 Buy/Sell $0.00 0.00%