Commercial Vehicle Group (NASDAQ:CVGI) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.
A number of other analysts have also weighed in on the company. Zacks Investment Research upgraded Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $13.00 target price for the company in a research note on Wednesday, January 17th. ValuEngine lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Commercial Vehicle Group (NASDAQ:CVGI) opened at $12.66 on Tuesday. Commercial Vehicle Group has a twelve month low of $5.35 and a twelve month high of $13.90. The stock has a market capitalization of $378.02, a price-to-earnings ratio of 66.64 and a beta of 1.00. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.44 and a current ratio of 2.09.
Several large investors have recently made changes to their positions in CVGI. Wells Fargo & Company MN increased its stake in shares of Commercial Vehicle Group by 54.7% in the third quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after buying an additional 5,412 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Commercial Vehicle Group in the third quarter valued at $139,000. The Manufacturers Life Insurance Company increased its stake in shares of Commercial Vehicle Group by 10,810.0% in the second quarter. The Manufacturers Life Insurance Company now owns 23,020 shares of the company’s stock valued at $195,000 after buying an additional 22,809 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of Commercial Vehicle Group in the second quarter valued at $225,000. Finally, New York State Common Retirement Fund acquired a new stake in Commercial Vehicle Group in the second quarter worth about $227,000. Institutional investors own 75.86% of the company’s stock.
About Commercial Vehicle Group
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.
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