Is Covenant Logistics Group Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 1 Wall Street analyst covering (NASDAQ: CVLG) stock is to Strong Buy CVLG stock.
Out of 1 analyst, 1 (100%) are recommending CVLG as a Strong Buy, 0 (0%) are recommending CVLG as a Buy, 0 (0%) are recommending CVLG as a Hold, 0 (0%) are recommending CVLG as a Sell, and 0 (0%) are recommending CVLG as a Strong Sell.
What is CVLG's forecast return on equity (ROE) for 2023-2023?
(NASDAQ: CVLG) forecast ROE is 12.14%, which is considered weak.
What is CVLG's Price Target?
According to 1 Wall Street analyst that have issued a 1 year CVLG price target, the average CVLG price target is $70.00, with the highest CVLG stock price forecast at $70.00 and the lowest CVLG stock price forecast at $70.00.
The Wall Street analyst predicted that Covenant Logistics Group's share price could reach $70.00 by Jul 28, 2024. The average Covenant Logistics Group stock price prediction forecasts a potential upside of 61.25% from the current CVLG share price of $43.41.
What is CVLG's forecast return on assets (ROA) for 2023-2023?
(NASDAQ: CVLG) forecast ROA is 5.29%, which is lower than the forecast US Trucking industry average of 17.92%.
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