Commercial Vehicle Group Downgraded by Zacks to Underperform (CVGI)
Commercial Vehicle Group (NASDAQ:CVGI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Wednesday. They currently have a $8.50 price objective on the stock. Zacks‘s target price points to a potential downside of 5.13% from the stock’s previous close.
Commercial Vehicle Group (NASDAQ:CVGI) traded up 1.45% on Wednesday, hitting $9.09. The stock had a trading volume of 127,001 shares. Commercial Vehicle Group has a one year low of $6.62 and a one year high of $10.91. The stock has a 50-day moving average of $10. and a 200-day moving average of $9.2. The company’s market cap is $262.5 million.
Commercial Vehicle Group (NASDAQ:CVGI) last announced its earnings results on Thursday, August 7th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.01. Analysts expect that Commercial Vehicle Group will post $0.34 EPS 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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