U.S. Markets close in 57 mins.

Covenant Transportation (CVTI) Jumps: Stock Rises 6.0%

Zacks Equity Research

Covenant Transportation Group, Inc. (CVTI) was a big mover last session with shares rising 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up nearly 21% in the last one-month time frame.
This transportation service provider saw one positive estimate revision in the last 30 days. Its Zacks Consensus Estimate also moved higher over the same period, implying more solid trading potential for the stock. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

Covenant Transportation currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Some other stocks worth considering in the transportation sector include The Greenbrier Companies, Inc. (GBX), Arkansas Best Corporation (ABFS) and Swift Transportation Company (SWFT). While Greenbrier holds a Zacks Rank #1 (Strong Buy), Arkansas Best and Swift Transportation carry the same Zacks Rank as Covenant Transportation.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


GREENBRIER COS INC (GBX): Free Stock Analysis Report

ARKANSAS BEST CP (ABFS): Free Stock Analysis Report

SWIFT TRANSPORTATION CO (SWFT): Free Stock Analysis Report

Zacks Investment Research