CPI Aero (NYSEAMERICAN:CVU)‘s stock had its “hold” rating reissued by equities research analysts at Noble Financial in a research report issued to clients and investors on Wednesday.
Several other analysts also recently commented on CVU. B. Riley reaffirmed a “buy” rating on shares of CPI Aero in a report on Tuesday, March 20th. Zacks Investment Research raised shares of CPI Aero from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Tuesday, March 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. CPI Aero currently has a consensus rating of “Buy” and an average target price of $11.33.
CPI Aero stock opened at $10.20 on Wednesday. CPI Aero has a fifty-two week low of $10.05 and a fifty-two week high of $10.05.
Large investors have recently modified their holdings of the company. Prudential Financial Inc. acquired a new position in CPI Aero during the 1st quarter worth approximately $121,000. Municipal Employees Retirement System of Michigan acquired a new position in CPI Aero during the 4th quarter worth approximately $359,000. Ancora Advisors LLC increased its position in CPI Aero by 71.2% during the 1st quarter. Ancora Advisors LLC now owns 52,412 shares of the aerospace company’s stock worth $511,000 after purchasing an additional 21,789 shares in the last quarter. Ironwood Investment Management LLC increased its position in CPI Aero by 29.3% during the 1st quarter. Ironwood Investment Management LLC now owns 64,019 shares of the aerospace company’s stock worth $624,000 after purchasing an additional 14,497 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its position in CPI Aero by 32.2% during the 4th quarter. Kennedy Capital Management Inc. now owns 101,721 shares of the aerospace company’s stock worth $910,000 after purchasing an additional 24,790 shares in the last quarter.
CPI Aero Company Profile
CPI Aerostructures, Inc engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. It also offers aero systems, such as reconnaissance pod structures and fuel panel systems; and supplies parts for maintenance, repair, and overhaul (MRO), as well as kitting contracts.
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