Zacks Downgrades CPI Aerostructures to Underperform (CVU)
CPI Aerostructures (NYSE:CVU) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Thursday. They currently have a $12.10 target price on the stock. Zacks‘s target price would suggest a potential downside of 4.95% from the stock’s previous close.
CPI Aerostructures (NYSE:CVU) traded down 0.71% during mid-day trading on Thursday, hitting $12.64. The stock had a trading volume of 70,814 shares. CPI Aerostructures has a 52 week low of $9.61 and a 52 week high of $16.00. The stock’s 50-day moving average is $12.93 and its 200-day moving average is $13.88. The company has a market cap of $106.9 million and a P/E ratio of 13.99.
CPI Aerostructures (NYSE:CVU) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.03. On average, analysts predict that CPI Aerostructures will post $0.82 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Roth Capital cut their price target on shares of CPI Aerostructures from $16.00 to $14.00 in a research note on Friday, May 9th. Analysts at B. Riley cut their price target on shares of CPI Aerostructures from $18.00 to $16.00 in a research note on Friday, May 9th.
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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