Zacks Investment Research upgraded shares of CPI Aerostructures, Inc. (NYSEMKT:CVU) from a hold rating to a buy rating in a research note released on Tuesday morning. They currently have $10.00 target price on the aerospace company’s stock.

According to Zacks, “CPI Aerostructures, Inc. is comprised of two distinct entities: CPI Aerostructures, Inc. and Kolar, Inc. CPI is engaged in contract production of structural aircraft parts and sub-assemblies for the commercial and military sectors of the aircraft industry. In connection with its commercial assembly operations, CPI provides engineering, technical and program management services to its customers. Kolar manufactures precision machine parts and sub-assemblies for the electronics industry, including computer and microwave device manufacturers. “

A number of other analysts have also recently commented on CVU. B. Riley reiterated a buy rating and set a $12.00 price objective on shares of CPI Aerostructures in a research report on Tuesday, August 8th. Noble Financial reiterated a buy rating on shares of CPI Aerostructures in a research report on Wednesday, August 9th. Canaccord Genuity lifted their price objective on CPI Aerostructures from $10.00 to $11.00 and gave the stock a buy rating in a research report on Wednesday, August 9th. Finally, ValuEngine cut CPI Aerostructures from a strong-buy rating to a buy rating in a research report on Friday, June 9th. Five investment analysts have rated the stock with a buy rating, CPI Aerostructures currently has a consensus rating of Buy and a consensus target price of $11.00.

CPI Aerostructures (CVU) opened at 9.35 on Tuesday. The firm has a 50-day moving average of $8.76 and a 200-day moving average of $8.03. The firm has a market cap of $82.71 million, a PE ratio of 14.15 and a beta of 0.79. CPI Aerostructures has a 52-week low of $5.55 and a 52-week high of $10.15.

CPI Aerostructures (NYSEMKT:CVU) last posted its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $16.73 million during the quarter, compared to analysts’ expectations of $17.57 million. CPI Aerostructures had a return on equity of 4.40% and a net margin of 4.58%. The company’s quarterly revenue was down 24.9% on a year-over-year basis. Equities analysts anticipate that CPI Aerostructures will post $0.60 EPS for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in CPI Aerostructures by 26.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 389,813 shares of the aerospace company’s stock valued at $3,664,000 after buying an additional 82,742 shares during the period. Northern Trust Corp grew its holdings in CPI Aerostructures by 3.0% in the 2nd quarter. Northern Trust Corp now owns 21,897 shares of the aerospace company’s stock valued at $205,000 after buying an additional 634 shares during the period. Penn Capital Management Co. Inc. grew its holdings in CPI Aerostructures by 17.3% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 313,801 shares of the aerospace company’s stock valued at $2,950,000 after buying an additional 46,262 shares during the period. Benchmark Capital Advisors grew its holdings in CPI Aerostructures by 1.5% in the 2nd quarter. Benchmark Capital Advisors now owns 40,400 shares of the aerospace company’s stock valued at $380,000 after buying an additional 600 shares during the period. Finally, Boston Partners grew its holdings in CPI Aerostructures by 14.1% in the 2nd quarter. Boston Partners now owns 51,024 shares of the aerospace company’s stock valued at $480,000 after buying an additional 6,300 shares during the period.

About CPI Aerostructures

CPI Aerostructures, Inc (CPI Aero) is a supplier of aircraft parts for fixed wing aircraft and helicopters in both the commercial and defense markets in the United States. The Company is a manufacturer of structural aircraft parts and aerosystems. It is also a contractor to the United States Department of Defense, primarily the Air Force.

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