Robert W. Baird Upgrades Commercial Vehicle Group to Neutral (CVGI)
Commercial Vehicle Group (NASDAQ:CVGI) was upgraded by investment analysts at Robert W. Baird from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $7.00 price objective on the stock, up from their previous price objective of $6.00. Robert W. Baird’s price objective would suggest a potential downside of 6.79% from the stock’s previous close.
A number of other analysts have also recently weighed in on CVGI. Analysts at Zacks upgraded shares of Commercial Vehicle Group from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $7.80 price target on the stock. Finally, analysts at TheStreet downgraded shares of Commercial Vehicle Group from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, November 6th.
Shares of Commercial Vehicle Group (NASDAQ:CVGI) opened at 7.51 on Wednesday. Commercial Vehicle Group has a one year low of $6.55 and a one year high of $9.96. The stock has a 50-day moving average of $7.42 and a 200-day moving average of $7.56. The company’s market cap is $214.8 million.
Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.33. The company had revenue of $187.90 million for the quarter, compared to the consensus estimate of $204.21 million. On average, analysts predict that Commercial Vehicle Group will post $-0.46 earnings per share for the current fiscal year.
Commercial Vehicle Group, Inc (NASDAQ:CVGI) is a supplier of a range of cab related products and systems for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the construction, military, bus and agriculture markets and the specialty transportation markets.
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