Commercial Vehicle Group Inc. (CVGI) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Commercial Vehicle Group Inc. (NASDAQ:CVGI) from a hold rating to a buy rating in a research report report published on Tuesday morning. The firm currently has $6.25 target price on the stock.
According to Zacks, “Commercial Vehicle Group supplies interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the construction market and other specialized transportation markets. The company’s products include suspension seat systems, interior trim systems, such as instrument and door panels, headliners, cabinetry and floor systems, mirrors, wiper systems, controls and switches specifically designed for applications in commercial vehicle cabs. “
Separately, Seaport Global Securities downgraded Commercial Vehicle Group from a buy rating to a neutral rating and set a $5.00 price objective for the company. in a research note on Wednesday, July 6th.
Commercial Vehicle Group (NASDAQ:CVGI) traded down 1.24% during mid-day trading on Tuesday, hitting $5.58. The stock had a trading volume of 11,523 shares. The company has a market cap of $170.85 million, a price-to-earnings ratio of 29.52 and a beta of 1.82. Commercial Vehicle Group has a 12 month low of $2.02 and a 12 month high of $6.00. The firm’s 50-day moving average is $5.57 and its 200 day moving average is $4.20.
Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.04 by $0.06. Commercial Vehicle Group had a return on equity of 10.83% and a net margin of 0.74%. Equities analysts anticipate that Commercial Vehicle Group will post $0.21 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Aristotle Capital Boston LLC increased its stake in Commercial Vehicle Group by 0.5% in the second quarter. Aristotle Capital Boston LLC now owns 738,371 shares of the company’s stock worth $3,840,000 after buying an additional 3,381 shares in the last quarter. Weber Alan W increased its stake in Commercial Vehicle Group by 2.1% in the second quarter. Weber Alan W now owns 208,922 shares of the company’s stock worth $1,086,000 after buying an additional 4,366 shares in the last quarter. Acrospire Investment Management LLC increased its stake in Commercial Vehicle Group by 73.6% in the second quarter. Acrospire Investment Management LLC now owns 25,948 shares of the company’s stock worth $135,000 after buying an additional 10,998 shares in the last quarter. Neuberger Berman Group LLC purchased a new stake in Commercial Vehicle Group during the second quarter worth about $104,000. Finally, Dimensional Fund Advisors LP increased its stake in Commercial Vehicle Group by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 717,716 shares of the company’s stock worth $3,732,000 after buying an additional 20,166 shares in the last quarter. 56.65% of the stock is owned by institutional investors and hedge funds.
Commercial Vehicle Group Company Profile
Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.
Receive News & Stock Ratings for Commercial Vehicle Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Vehicle Group Inc. and related stocks with our FREE daily email newsletter.