Zacks: Commercial Vehicle Group Inc. (NASDAQ:CVGI) Given $5.00 Consensus Target Price by Analysts
Commercial Vehicle Group Inc. (NASDAQ:CVGI) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus target price of $5.00 for the company and are predicting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Commercial Vehicle Group an industry rank of 56 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently weighed in on the company. Seaport Global Securities cut Commercial Vehicle Group from a “buy” rating to a “neutral” rating and set a $5.00 price target on the stock. in a report on Wednesday, July 6th. Zacks Investment Research cut Commercial Vehicle Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday.
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A number of large investors have recently made changes to their positions in CVGI. Aristotle Capital Boston LLC boosted its stake in shares of Commercial Vehicle Group by 0.5% in the second quarter. Aristotle Capital Boston LLC now owns 738,371 shares of the company’s stock valued at $3,840,000 after buying an additional 3,381 shares during the last quarter. Weber Alan W boosted its stake in shares of Commercial Vehicle Group by 2.1% in the second quarter. Weber Alan W now owns 208,922 shares of the company’s stock valued at $1,086,000 after buying an additional 4,366 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Commercial Vehicle Group by 73.6% in the second quarter. Acrospire Investment Management LLC now owns 25,948 shares of the company’s stock valued at $135,000 after buying an additional 10,998 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in shares of Commercial Vehicle Group during the second quarter valued at approximately $104,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Commercial Vehicle Group by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 717,716 shares of the company’s stock valued at $3,732,000 after buying an additional 20,166 shares during the last quarter. 56.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Commercial Vehicle Group (NASDAQ:CVGI) traded down 1.02% during midday trading on Friday, reaching $5.83. The company’s stock had a trading volume of 20,985 shares. Commercial Vehicle Group has a 12 month low of $2.02 and a 12 month high of $6.00. The stock has a market capitalization of $178.51 million, a PE ratio of 30.85 and a beta of 1.82. The stock’s 50 day moving average is $5.50 and its 200 day moving average is $4.12.
Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06. Commercial Vehicle Group had a return on equity of 10.83% and a net margin of 0.74%. On average, analysts forecast that Commercial Vehicle Group will post $0.21 EPS for the current fiscal year.
Commercial Vehicle Group Company Profile
Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.
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