ValuEngine Lowers Commercial Vehicle Group (NASDAQ:CVGI) to Strong Sell

ValuEngine cut shares of Commercial Vehicle Group (NASDAQ:CVGI) from a sell rating to a strong sell rating in a research note issued to investors on Monday morning, ValuEngine reports.

Several other equities research analysts have also recently commented on CVGI. Dougherty & Co started coverage on shares of Commercial Vehicle Group in a research report on Tuesday, August 27th. They issued a neutral rating for the company. Barrington Research reaffirmed a buy rating and issued a $8.50 target price on shares of Commercial Vehicle Group in a research report on Friday, November 22nd. Finally, Zacks Investment Research raised shares of Commercial Vehicle Group from a sell rating to a hold rating in a research report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $8.63.

NASDAQ:CVGI opened at $7.41 on Monday. The company has a 50-day moving average price of $7.24 and a 200-day moving average price of $7.20. Commercial Vehicle Group has a 12 month low of $5.35 and a 12 month high of $9.77. The company has a current ratio of 2.25, a quick ratio of 1.58 and a debt-to-equity ratio of 1.25. The stock has a market cap of $218.12 million, a price-to-earnings ratio of 5.08, a P/E/G ratio of 0.62 and a beta of 2.73.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). Commercial Vehicle Group had a return on equity of 27.58% and a net margin of 3.82%. The company had revenue of $225.40 million during the quarter, compared to analysts’ expectations of $226.20 million. Equities analysts forecast that Commercial Vehicle Group will post 1.12 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of CVGI. Metropolitan Life Insurance Co NY purchased a new stake in shares of Commercial Vehicle Group in the 1st quarter worth about $67,000. Strs Ohio lifted its position in Commercial Vehicle Group by 5,966.7% during the 2nd quarter. Strs Ohio now owns 18,200 shares of the company’s stock valued at $145,000 after acquiring an additional 17,900 shares during the period. Systematic Financial Management LP lifted its position in Commercial Vehicle Group by 12.2% during the 2nd quarter. Systematic Financial Management LP now owns 90,979 shares of the company’s stock valued at $730,000 after acquiring an additional 9,870 shares during the period. Meeder Asset Management Inc. lifted its position in Commercial Vehicle Group by 157.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 16,800 shares of the company’s stock valued at $134,000 after acquiring an additional 10,279 shares during the period. Finally, Stone Ridge Asset Management LLC lifted its position in Commercial Vehicle Group by 41.8% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 48,501 shares of the company’s stock valued at $389,000 after acquiring an additional 14,300 shares during the period. 77.10% of the stock is owned by hedge funds and other institutional investors.

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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