Commercial Vehicle Group (CVGI) Lowered to “Strong Sell” at BidaskClub

BidaskClub lowered shares of Commercial Vehicle Group (NASDAQ:CVGI) from a sell rating to a strong sell rating in a report published on Wednesday, September 12th.

CVGI has been the topic of a number of other reports. ValuEngine downgraded shares of Commercial Vehicle Group from a sell rating to a strong sell rating in a research note on Tuesday, June 5th. Zacks Investment Research downgraded shares of Commercial Vehicle Group from a buy rating to a hold rating in a research note on Monday, July 9th. Finally, TheStreet raised shares of Commercial Vehicle Group from a d+ rating to a c rating in a research note on Thursday, May 31st.

Shares of Commercial Vehicle Group stock traded up $0.10 on Wednesday, reaching $9.21. The stock had a trading volume of 209,929 shares, compared to its average volume of 283,056. Commercial Vehicle Group has a 1 year low of $6.58 and a 1 year high of $13.90. The company has a market cap of $284.46 million, a price-to-earnings ratio of 20.93 and a beta of 1.74. The company has a current ratio of 2.43, a quick ratio of 1.69 and a debt-to-equity ratio of 1.72.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Thursday, August 9th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The firm had revenue of $233.39 million for the quarter, compared to the consensus estimate of $232.60 million. Commercial Vehicle Group had a net margin of 2.46% and a return on equity of 38.01%. On average, sell-side analysts predict that Commercial Vehicle Group will post 1.4 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. United Services Automobile Association raised its stake in Commercial Vehicle Group by 65.0% in the second quarter. United Services Automobile Association now owns 119,294 shares of the company’s stock valued at $876,000 after purchasing an additional 47,000 shares in the last quarter. Northern Trust Corp raised its stake in Commercial Vehicle Group by 16.2% in the second quarter. Northern Trust Corp now owns 350,422 shares of the company’s stock valued at $2,572,000 after purchasing an additional 48,940 shares in the last quarter. Glenmede Trust Co. NA purchased a new stake in Commercial Vehicle Group in the second quarter valued at approximately $8,361,000. Putnam Investments LLC purchased a new stake in Commercial Vehicle Group in the second quarter valued at approximately $1,044,000. Finally, Macquarie Group Ltd. raised its stake in Commercial Vehicle Group by 986.7% in the second quarter. Macquarie Group Ltd. now owns 29,516 shares of the company’s stock valued at $217,000 after purchasing an additional 26,800 shares in 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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