CPI Aerostructures, Inc. (NYSEMKT:CVU) Receives Average Recommendation of “Buy” from Brokerages

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.

TRADEMARK VIOLATION WARNING: “CPI Aerostructures, Inc. (NYSEMKT:CVU) Receives Average Recommendation of “Buy” from Brokerages” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.com-unik.info/2017/08/19/cpi-aerostructures-inc-nysemktcvu-receives-average-recommendation-of-buy-from-brokerages-updated.html.

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) traded down 0.56% on Wednesday, hitting $8.90. The stock had a trading volume of 10,869 shares. The company has a market capitalization of $78.60 million, a price-to-earnings ratio of 11.41 and a beta of 0.79. The firm has a 50-day moving average of $9.36 and a 200 day moving average of $7.94. CPI Aerostructures has a 52 week low of $5.55 and a 52 week high of $10.15.

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.

What are top analysts saying about CPI Aerostructures Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CPI Aerostructures Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit