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CPI Aerostructures (NYSE:CVU) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, American Banking News.com reports. The firm currently has a $13.30 price objective on the stock. Zacks‘s price objective would suggest a potential upside of 2.78% from the stock’s previous close.

Shares of CPI Aerostructures (NYSE:CVU) traded down 0.31% on Wednesday, hitting $12.94. The stock had a trading volume of 6,274 shares. CPI Aerostructures has a one year low of $8.75 and a one year high of $16.00. The stock’s 50-day moving average is $13.20 and its 200-day moving average is $13.95. The company has a market cap of $108.8 million and a P/E ratio of 14.26.

CPI Aerostructures (NYSE:CVU) last released its earnings data on Thursday, March 6th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.05. The company had revenue of $21.29 million for the quarter, compared to the consensus estimate of $14.33 million. Analysts expect that CPI Aerostructures will post $0.88 EPS for the current fiscal year.

CPI Aerostructures, Inc (NYSE:CVU) is engaged in the contract production of structural aircraft parts principally for the United States Air Force and other branches of the United States armed forces, either as a prime contractor or as a subcontractor to other defense prime contractors.

To view Zacks’ full report, visit Zacks’ official website.

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