Commercial Vehicle Group (NASDAQ:CVGI) Receives “Outperform” Rating from Barrington Research

Commercial Vehicle Group (NASDAQ:CVGI)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $10.00 price target on the stock. Barrington Research’s price objective suggests a potential upside of 67.50% from the company’s previous close.

Several other research firms have also weighed in on CVGI. StockNews.com lowered shares of Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. TheStreet upgraded shares of Commercial Vehicle Group from a “d+” rating to a “c” rating in a research report on Monday, March 4th.

Commercial Vehicle Group Trading Down 0.2 %

Commercial Vehicle Group stock traded down $0.01 during midday trading on Monday, reaching $5.97. The stock had a trading volume of 4,220 shares, compared to its average volume of 114,414. Commercial Vehicle Group has a twelve month low of $5.48 and a twelve month high of $11.96. The stock has a market capitalization of $202.26 million, a PE ratio of 4.07, a price-to-earnings-growth ratio of 0.33 and a beta of 2.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.38 and a current ratio of 2.26. The stock’s 50-day simple moving average is $6.29 and its 200 day simple moving average is $6.48.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.06). Commercial Vehicle Group had a net margin of 4.97% and a return on equity of 20.22%. The firm had revenue of $223.09 million during the quarter, compared to the consensus estimate of $225.22 million. During the same period in the prior year, the firm earned $0.04 earnings per share. Analysts expect that Commercial Vehicle Group will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC lifted its position in Commercial Vehicle Group by 60.8% in the 3rd quarter. Acadian Asset Management LLC now owns 759,387 shares of the company’s stock valued at $5,891,000 after acquiring an additional 287,267 shares in the last quarter. Franklin Resources Inc. grew its holdings in Commercial Vehicle Group by 6.2% in the fourth quarter. Franklin Resources Inc. now owns 426,554 shares of the company’s stock worth $2,990,000 after purchasing an additional 24,854 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Commercial Vehicle Group during the fourth quarter worth $2,753,000. Assenagon Asset Management S.A. raised its position in shares of Commercial Vehicle Group by 326.9% in the third quarter. Assenagon Asset Management S.A. now owns 317,634 shares of the company’s stock worth $2,465,000 after acquiring an additional 243,226 shares during the period. Finally, Los Angeles Capital Management LLC raised its position in shares of Commercial Vehicle Group by 608.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 238,387 shares of the company’s stock worth $1,850,000 after purchasing an additional 204,728 shares during the last quarter. Hedge funds and other institutional investors own 72.32% of the company’s stock.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.