Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price target of $9.50 for the company and are expecting that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also given Commercial Vehicle Group an industry rank of 180 out of 255 based on the ratings given to its competitors.
A number of equities analysts have commented on CVGI shares. BidaskClub upgraded shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 6th. Seaport Global Securities restated a “buy” rating and set a $9.00 price objective on shares of Commercial Vehicle Group in a report on Tuesday, December 11th. Finally, ValuEngine upgraded shares of Commercial Vehicle Group from a “sell” rating to a “hold” rating in a report on Thursday.
A number of large investors have recently modified their holdings of the stock. Royce & Associates LP boosted its position in Commercial Vehicle Group by 1.4% in the third quarter. Royce & Associates LP now owns 2,034,300 shares of the company’s stock valued at $18,634,000 after buying an additional 28,191 shares in the last quarter. BlackRock Inc. boosted its holdings in Commercial Vehicle Group by 0.3% during the fourth quarter. BlackRock Inc. now owns 1,914,761 shares of the company’s stock worth $10,913,000 after purchasing an additional 5,740 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Commercial Vehicle Group by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,777,364 shares of the company’s stock worth $10,131,000 after purchasing an additional 23,171 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Commercial Vehicle Group by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,353,659 shares of the company’s stock worth $12,400,000 after purchasing an additional 21,001 shares during the last quarter. Finally, Vanguard Group Inc boosted its holdings in Commercial Vehicle Group by 1.6% during the third quarter. Vanguard Group Inc now owns 1,353,659 shares of the company’s stock worth $12,400,000 after purchasing an additional 21,001 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.
NASDAQ:CVGI traded down $0.06 during mid-day trading on Friday, reaching $7.98. The company’s stock had a trading volume of 407,683 shares, compared to its average volume of 129,399. Commercial Vehicle Group has a 1 year low of $5.35 and a 1 year high of $10.28. The firm has a market cap of $258.63 million, a PE ratio of 5.47 and a beta of 2.37. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.37 and a quick ratio of 1.73.
Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings data on Monday, March 11th. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. The company had revenue of $223.60 million during the quarter, compared to analyst estimates of $215.00 million. Commercial Vehicle Group had a net margin of 4.96% and a return on equity of 41.48%. Sell-side analysts anticipate that Commercial Vehicle Group will post 1.44 EPS for the current fiscal year.
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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