Commercial Vehicle Group (CVGI) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) from a hold rating to a buy rating in a research note issued to investors on Monday, February 25th.

Other research analysts have also recently issued reports about the company. Seaport Global Securities reaffirmed a buy rating and set a $9.00 price objective on shares of Commercial Vehicle Group in a research note on Tuesday, December 11th. ValuEngine cut Commercial Vehicle Group from a sell rating to a strong sell rating in a research note on Wednesday, January 2nd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $9.00.

CVGI traded down $0.35 during midday trading on Monday, reaching $7.80. 220,468 shares of the company were exchanged, compared to its average volume of 215,220. The firm has a market capitalization of $243.91 million, a P/E ratio of 5.34 and a beta of 2.37. Commercial Vehicle Group has a one year low of $5.35 and a one year high of $10.28. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.68 and a current ratio of 2.37.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Monday, March 11th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. The company had revenue of $223.60 million for the quarter, compared to the consensus estimate of $215.00 million. Commercial Vehicle Group had a return on equity of 41.48% and a net margin of 4.96%. On average, equities analysts forecast that Commercial Vehicle Group will post 1.44 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Aristotle Capital Boston LLC lifted its holdings in shares of Commercial Vehicle Group by 4.5% during the third quarter. Aristotle Capital Boston LLC now owns 1,124,975 shares of the company’s stock valued at $10,305,000 after purchasing an additional 48,329 shares during the last quarter. Dalton Greiner Hartman Maher & Co. lifted its stake in shares of Commercial Vehicle Group by 72.2% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 414,731 shares of the company’s stock valued at $2,364,000 after buying an additional 173,921 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Commercial Vehicle Group by 25.0% during the 2nd quarter. BlackRock Inc. now owns 1,701,349 shares of the company’s stock valued at $12,487,000 after buying an additional 340,003 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Commercial Vehicle Group by 348.3% during the 3rd quarter. Panagora Asset Management Inc. now owns 46,990 shares of the company’s stock valued at $430,000 after buying an additional 36,508 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Commercial Vehicle Group by 1.6% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 76.36% of the company’s stock.

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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