This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

10 Transport Stocks With Upside

1. Covenant Transportation Group (CVTI - Get Report) provides Asset-Based Truckload (Truckload) and Brokerage Services, or Covenant Transport Solutions (Solutions). The company serves truckload customers such as manufacturers and retailers, and transportation companies.

Covenant recently reported its fourth quarter and full-year 2010 financial results. Net income came in at $0.7 million, or 5 cents per share, from a net loss of $2.7 million, or 19 cents per share, in the same quarter a year ago. Revenue for the quarter soared 3.9% to $163.9 million. For 2010, Covenant reported net income of $3.3 million, compared to a net loss of $25 million in 2009, while revenue escalated 10.4%.

Analysts polled by Bloomberg foresee 2011 net income surging to $7.35 million. A transportation analyst in his 2011 freight outlook believes that investors will find greater resiliency in transport companies that lease vehicles for businesses that ship goods, demonstrating cost flexibility. A BB&T Capital Markets analyst favors asset-based companies, as they not only benefit from rate increases but also higher volumes.

Seventy-five percent of analysts covering the stock rate it a buy, while the remaining recommend a hold. There are no sell ratings on the stock. Data from Bloomberg has analysts forecasting a gain of 35.1% from current levels to $12 over the next 12 months.

>To see these stocks in action, visit the 10 Transport Stocks With Upside portfolio on Stockpickr.

10 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
CGI $25.50 1.51%
CVTI $31.08 1.83%
HTZ $22.50 -0.22%
KSU $116.03 -0.09%
LSTR $68.57 -1.17%


DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs