Commercial Vehicle Group, Inc. (NASDAQ:CVGI) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports.
Zacks has also assigned Commercial Vehicle Group an industry rank of 192 out of 256 based on the ratings given to its competitors.
Several equities research analysts have issued reports on the company. BidaskClub raised Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 6th. ValuEngine raised Commercial Vehicle Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 20th. Finally, Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research note on Friday, March 15th.
Hedge funds have recently modified their holdings of the business. Quantamental Technologies LLC lifted its stake in Commercial Vehicle Group by 48.0% during the first quarter. Quantamental Technologies LLC now owns 3,444 shares of the company’s stock worth $26,000 after purchasing an additional 1,117 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Commercial Vehicle Group by 62,850.0% during the first quarter. BNP Paribas Arbitrage SA now owns 6,295 shares of the company’s stock worth $48,000 after purchasing an additional 6,285 shares during the last quarter. Perritt Capital Management Inc. bought a new stake in Commercial Vehicle Group during the fourth quarter worth about $57,000. Meeder Asset Management Inc. lifted its stake in Commercial Vehicle Group by 245.7% during the fourth quarter. Meeder Asset Management Inc. now owns 13,338 shares of the company’s stock worth $77,000 after purchasing an additional 9,480 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Commercial Vehicle Group by 95.4% during the fourth quarter. Bank of America Corp DE now owns 16,765 shares of the company’s stock worth $96,000 after purchasing an additional 8,186 shares during the last quarter. 77.13% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:CVGI opened at $8.98 on Friday. The firm has a market cap of $284.27 million, a P/E ratio of 6.15 and a beta of 2.39. Commercial Vehicle Group has a 52-week low of $5.35 and a 52-week high of $10.28. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.37 and a quick ratio of 1.68.
Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings results on Monday, March 11th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03. Commercial Vehicle Group had a return on equity of 41.48% and a net margin of 4.96%. The firm had revenue of $223.60 million during the quarter, compared to analyst estimates of $215.00 million.
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, Electrical Systems and Global Seating. The Electrical Systems segment electronic provides wire harness assemblies that function as current carrying devices used to provide electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial vehicles; and panel assemblies and cabinets.
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