BidaskClub downgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) from a hold rating to a sell rating in a research note published on Friday.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Commercial Vehicle Group from a hold rating to a buy rating and set a $8.25 price objective on the stock in a research report on Friday, July 20th. ValuEngine raised shares of Commercial Vehicle Group from a sell rating to a hold rating in a research report on Wednesday, August 8th.
CVGI remained flat at $$7.87 during trading on Friday. 204,280 shares of the company traded hands, compared to its average volume of 280,685. The company has a market cap of $284.46 million, a PE ratio of 17.89 and a beta of 1.74. Commercial Vehicle Group has a 1-year low of $6.58 and a 1-year high of $13.90. The company has a quick ratio of 1.69, a current ratio of 2.43 and a debt-to-equity ratio of 1.72.
Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings data on Thursday, August 9th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.34 by $0.09. The business had revenue of $233.39 million for the quarter, compared to analysts’ expectations of $232.60 million. Commercial Vehicle Group had a net margin of 2.46% and a return on equity of 38.01%. As a group, equities research analysts predict that Commercial Vehicle Group will post 1.4 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in Commercial Vehicle Group in the 1st quarter valued at $114,000. Citigroup Inc. increased its stake in Commercial Vehicle Group by 389.9% in the 1st quarter. Citigroup Inc. now owns 14,962 shares of the company’s stock valued at $116,000 after buying an additional 11,908 shares during the last quarter. Guggenheim Capital LLC acquired a new stake in Commercial Vehicle Group in the 1st quarter valued at $136,000. A.R.T. Advisors LLC acquired a new stake in Commercial Vehicle Group in the 1st quarter valued at $142,000. Finally, Barclays PLC increased its stake in Commercial Vehicle Group by 238.6% in the 1st quarter. Barclays PLC now owns 20,216 shares of the company’s stock valued at $157,000 after buying an additional 14,246 shares during the last quarter. 77.25% of the stock is currently owned by institutional investors and hedge funds.
Commercial Vehicle Group Company Profile
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.
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