CPI Aerostructures, Inc. (NYSEMKT:CVU) has earned an average rating of “Buy” from the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $11.50.
Several analysts have issued reports on CVU shares. B. Riley reissued a “buy” rating and set a $9.50 price target on shares of CPI Aerostructures in a report on Monday, May 15th. Canaccord Genuity boosted their price target on CPI Aerostructures from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday. TheStreet raised CPI Aerostructures from a “d+” rating to a “c-” rating in a report on Tuesday, May 23rd. ValuEngine lowered CPI Aerostructures from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Finally, Zacks Investment Research raised CPI Aerostructures from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th.
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A number of hedge funds have recently added to or reduced their stakes in CVU. Dimensional Fund Advisors LP raised its position in CPI Aerostructures by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 250,860 shares of the aerospace company’s stock worth $2,320,000 after buying an additional 12,474 shares during the period. Renaissance Technologies LLC acquired a new position in CPI Aerostructures during the fourth quarter worth $350,000. New Jersey Better Educational Savings Trust acquired a new position in CPI Aerostructures during the first quarter worth $351,000. NJ State Employees Deferred Compensation Plan acquired a new position in CPI Aerostructures during the first quarter worth $169,000. Finally, Heartland Advisors Inc. raised its position in CPI Aerostructures by 25.6% in the first quarter. Heartland Advisors Inc. now owns 770,000 shares of the aerospace company’s stock worth $5,198,000 after buying an additional 156,900 shares during the period.
CPI Aerostructures (NYSEMKT:CVU) last issued its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. CPI Aerostructures had a return on equity of 7.32% and a net margin of 6.24%. The company had revenue of $16.73 million during the quarter, compared to analyst estimates of $17.57 million. The business’s revenue was down 24.9% compared to the same quarter last year. On average, analysts predict that CPI Aerostructures will post $0.60 earnings per share for the current year.
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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