Zacks: Commercial Vehicle Group, Inc. (CVGI) Receives Average Rating of “Strong Buy” from Brokerages

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus price target of $9.00 for the company and are expecting that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned Commercial Vehicle Group an industry rank of 238 out of 256 based on the ratings given to related companies.

A number of analysts have recently weighed in on the company. ValuEngine downgraded Commercial Vehicle Group from a “sell” rating to a “strong sell” rating in a research report on Friday, October 19th. BidaskClub downgraded Commercial Vehicle Group from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Finally, Seaport Global Securities reissued a “buy” rating and set a $9.00 price target on shares of Commercial Vehicle Group in a report on Tuesday, December 11th.

Institutional investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new position in shares of Commercial Vehicle Group during the 3rd quarter worth $211,000. Macquarie Group Ltd. raised its holdings in shares of Commercial Vehicle Group by 986.7% during the 2nd quarter. Macquarie Group Ltd. now owns 29,516 shares of the company’s stock worth $217,000 after buying an additional 26,800 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Commercial Vehicle Group during the 2nd quarter worth $274,000. Panagora Asset Management Inc. raised its holdings in shares of Commercial Vehicle Group by 348.3% during the 3rd quarter. Panagora Asset Management Inc. now owns 46,990 shares of the company’s stock worth $430,000 after buying an additional 36,508 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of Commercial Vehicle Group by 14.2% during the 3rd quarter. Teachers Advisors LLC now owns 59,520 shares of the company’s stock worth $545,000 after buying an additional 7,392 shares in the last quarter. 78.47% of the stock is owned by institutional investors.

Shares of NASDAQ:CVGI traded up $0.41 during trading on Tuesday, reaching $6.18. 103,714 shares of the company traded hands, compared to its average volume of 117,671. The company has a market cap of $176.10 million, a price-to-earnings ratio of 14.05 and a beta of 2.08. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.73 and a current ratio of 2.45. Commercial Vehicle Group has a 52 week low of $5.35 and a 52 week high of $13.90.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Monday, November 5th. The company reported $0.32 earnings per share for the quarter. The firm had revenue of $225.01 million during the quarter. Commercial Vehicle Group had a return on equity of 40.39% and a net margin of 3.29%. Research analysts predict that Commercial Vehicle Group will post 1.42 EPS for the current fiscal year.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, the Global Truck and Bus, and the Global Construction and Agriculture.

Featured Article: 12b-1 Fees

Get a free copy of the Zacks research report on Commercial Vehicle Group (CVGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Commercial Vehicle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Vehicle Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


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