TD Cowen lowers target to USD 42.00 for Covenant Logistics stock

Published on 10/17/2026 at 19:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 29, 2026. Covenant Logistics stock was USD 30.72 on October 16, 2026 at 4:00 p.m. ET, down 0.29 percent on NYSE.

TD Cowen target update

On October 5, 2026, TD Cowen lowered its target from USD 43.00 to USD 42.00.
Covenant Logistics plans to release third-quarter results after 4:00 p.m. ET on October 29, 2026.
Covenant Logistics stock was USD 30.72 on October 16, 2026 at 4:00 p.m. ET, down 0.29 percent versus its USD 30.81 prior close.
The stock had a price to earnings ratio of 307.20 and a market capitalization of USD 779.6 million.

CVLG, US22284P1057, Illustration mit AI erstellt.

On October 5, 2026, TD Cowen lowered its price target for Covenant Logistics from USD 43.00 to USD 42.00 and kept a Buy rating, according to Markets Insider. The new target stands 36.72 percent above the USD 30.72 stock price from the latest completed NYSE session.

Covenant Logistics has another dated marker ahead. The company plans to release its third-quarter results after 4:00 p.m. ET on October 29, 2026, followed by a conference call on October 30, 2026, at 10:00 a.m. ET, according to StockTitan.

Price position and trading

The latest NYSE price was USD 30.72 on October 16, 2026 at 4:00 p.m. ET. It was down USD 0.09, or 0.29 percent, from the USD 30.81 prior close. The October 16 session was the latest completed trading session before the October 17 publication date.

Covenant Logistics traded within a USD 18.00 to USD 49.88 52-week range. The latest price stood 38.39 percent below the 52-week high and 70.67 percent above the 52-week low. Trading volume reached 132,162 shares against an average volume of 206,103 shares.

Valuation and reporting dates

The company had a market capitalization of USD 779.6 million, a price to earnings ratio of 307.20 and a dividend yield of 0.01 percent. The October 29 results date gives investors the next scheduled company event, while the October 30 call provides the immediate follow-up.

Comparison with peers

Covenant Logistics (NYSE, USD): minus 0.29 percent, P/E 307.20, market capitalization USD 779.6 million.

Werner Enterprises (NASDAQ, USD): minus 1.74 percent, P/E minus 43.11, market capitalization USD 2.0 billion.

Marten Transport (NASDAQ, USD): minus 0.39 percent, P/E 82.73, market capitalization USD 1.0 billion.

What the target implies

TD Cowen's USD 42.00 target sits 36.72 percent above the latest NYSE price. The target revision was tied to cooler spot trends and higher driver and energy costs, according to Markets Insider.

The latest completed NYSE session leaves the stock below its yearly high, while the scheduled October 29 results may provide the next company-specific valuation input.

The latest home-market price was USD 30.72 on October 16, 2026 at 4:00 p.m. ET, down 0.29 percent versus the USD 30.81 prior close.