Tiptree Inc. (TIPT) Touches $6.60 Formed H&S; 3 Analysts Covering Covenant Transportation Group, Inc. (CVTI)

Covenant Transportation Group, Inc. (NASDAQ:CVTI) Logo

Among 5 analysts covering Covenant Transportation Group (NASDAQ:CVTI), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Covenant Transportation Group had 20 analyst reports since October 19, 2015 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Friday, October 20. The stock of Covenant Transportation Group, Inc. (NASDAQ:CVTI) has “Buy” rating given on Thursday, March 15 by Seaport Global. The firm has “Buy” rating by Cowen & Co given on Monday, August 28. The rating was initiated by Stifel Nicolaus on Wednesday, March 23 with “Buy”. On Wednesday, December 16 the stock rating was maintained by Cowen & Co with “Outperform”. Stifel Nicolaus maintained it with “Buy” rating and $20 target in Thursday, October 20 report. On Monday, October 23 the stock rating was maintained by Cowen & Co with “Hold”. The firm earned “Outperform” rating on Wednesday, January 27 by Cowen & Co. Cowen & Co maintained the shares of CVTI in report on Friday, October 21 with “Outperform” rating. The stock of Covenant Transportation Group, Inc. (NASDAQ:CVTI) earned “Market Perform” rating by Cowen & Co on Monday, October 16. See Covenant Transportation Group, Inc. (NASDAQ:CVTI) latest ratings:

06/06/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $35 New Target: $36 Maintain
26/04/2018 Broker: Stifel Nicolaus Rating: Buy Upgrade
06/04/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $34 Maintain
15/03/2018 Broker: Seaport Global Old Rating: Neutral New Rating: Buy Upgrade

Tiptree Inc. (TIPT) formed inverse H&S with $6.86 target or 4.00% above today’s $6.60 share price. Tiptree Inc. (TIPT) has $245.60 million valuation. It closed at $6.6 lastly. It is up 8.00% since June 14, 2017 and is uptrending. It has underperformed by 4.57% the S&P500. Some Historical TIPT News: ; 07/05/2018 – Tiptree 1Q Rev $148.1M; 28/03/2018 – Fortegra Establishes European Subsidiary in Malta; 07/05/2018 – Tiptree 1Q EPS 79c; 10/04/2018 – TIPTREE INC – AFTER REORGANIZATION MERGER, TFP WILL CEASE TO EXIST AND TIPTREE WILL OWN 100% OF TIPTREE OPERATING COMPANY; 10/04/2018 – Tiptree Simplifies Corporate Structure; 07/05/2018 – TIPTREE INC – AMENDMENT EXTENDS MATURITY DATE OF ALL TERM LOANS UNDER CREDIT AGREEMENT FROM SEPT 18, 2018 TO SEPT 18, 2020; 07/05/2018 – TIPTREE INC – QTR-END BOOK VALUE PER SHARE, AS EXCHANGED, OF $10.59, UP 4.3% COMPARED TO $10.15 AS OF MARCH 31, 2017; 10/04/2018 – Tiptree Eliminating Dual Class Stk Structure; 10/04/2018 – TIPTREE INC – UNDER DEAL, TFP WILL MERGE WITH AND INTO TIPTREE WITH TIPTREE CONTINUING AS SURVIVING COMPANY; 12/04/2018 – TIPTREE | TIPTREE FINL PARTNERS, L.P.: REPORTS ACTIVE STAKE

More recent Covenant Transportation Group, Inc. (NASDAQ:CVTI) news were published by: Seekingalpha.com which released: “US Xpress prices IPO at $16/share” on June 13, 2018. Also Nasdaq.com published the news titled: “Detailed Research: Economic Perspectives on CBL & Associates Properties, Covenant Transportation Group, Mitek …” on May 21, 2018. Investorplace.com‘s news article titled: “5 Value Stocks With Enticing EV/EBITDA Ratios to Own Now” with publication date: June 12, 2018 was also an interesting one.

The stock decreased 1.36% or $0.46 during the last trading session, reaching $33.41. About 284,958 shares traded or 38.50% up from the average. Covenant Transportation Group, Inc. (NASDAQ:CVTI) has risen 72.70% since June 14, 2017 and is uptrending. It has outperformed by 60.13% the S&P500. Some Historical CVTI News: ; 04/04/2018 – Flakt Woods Is Said to Seek Lender Consent for Covenant Waiver; 21/03/2018 – INTERSERVE – IN ADDITION, LENDERS HAVE AGREED TO EXTEND COVENANT TEST DEFERRAL DATE AND MATURITIES OF FINANCING FACILITIES AGREED IN DECEMBER 2017 TO 30 APRIL 2018; 10/04/2018 – Moody’s: Covenant Quality Of North American High-yield Bonds Improves Marginally In March; 14/03/2018 – Covenant Transportation Sees 1Q EPS 17c-EPS 23c; 20/04/2018 – DJ Covenant Transportation Group Inc, Inst Holders, 1Q 2018 (CVTI); 24/04/2018 – Covenant Transportation 1Q EPS 24c; 09/04/2018 – PEABODY – CERTAIN TERMS WILL ALSO BE MODIFIED, INCLUDING ELIMINATION OF CAPEX COVENANT UNDER TERM LOAN AND REVOLVING CREDIT FACILITY; 14/03/2018 – Covenant Quality Assessment for lridium Communications Inc. Bond Offering; 24/04/2018 – Covenant Transportation 1Q Rev $173.6M; 19/03/2018 – S&PGR: CreditWatch Reflects Likelihood We Will Lower Rating in the Next Mo if Moby Doesn’t Reach Agreement With Lenders to Expand Covenant Headroom

Covenant Transportation Group, Inc., together with its subsidiaries, provides truckload transportation and brokerage services primarily in the continental United States. The company has market cap of $612.44 million. It offers long haul, dedicated, temperature-controlled, and regional solo-driver services; long haul, regional, dedicated, and intermodal temperature-controlled services; and regional solo-driver and dedicated services. It has a 11.06 P/E ratio. The firm also provides ancillary services, including freight brokerage services and accounts receivable factoring.

Since February 1, 2018, it had 0 buys, and 7 insider sales for $6.41 million activity. PARKER DAVID RAY sold $2.23M worth of stock. Another trade for 3,000 shares valued at $99,007 was made by LOVIN RALPH H JR on Wednesday, March 21.

Covenant Transportation Group, Inc. (NASDAQ:CVTI) Institutional Positions Chart