CPI Aerostructures, Inc. (CVU) Downgraded to “Buy” at ValuEngine
CPI Aerostructures, Inc. (NYSEMKT:CVU) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Other equities analysts have also recently issued research reports about the stock. B. Riley reiterated a “buy” rating and set a $9.50 price target on shares of CPI Aerostructures in a research report on Saturday, March 11th. TheStreet upgraded shares of CPI Aerostructures from a “d+” rating to a “c-” rating in a research report on Tuesday, May 23rd. Noble Financial upgraded shares of CPI Aerostructures from a “hold” rating to a “buy” rating in a research report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded shares of CPI Aerostructures from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $8.50.
Shares of CPI Aerostructures (NYSEMKT CVU) traded down 1.5967% on Friday, reaching $8.8563. The company’s stock had a trading volume of 46,642 shares. The company has a market cap of $78.22 million, a PE ratio of 11.3542 and a beta of 0.79. CPI Aerostructures has a 52-week low of $5.55 and a 52-week high of $10.15. The firm has a 50 day moving average of $7.19 and a 200 day moving average of $7.61.
CPI Aerostructures (NYSEMKT:CVU) last released its quarterly earnings data on Tuesday, May 9th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.08. The firm had revenue of $20.03 million during the quarter, compared to analysts’ expectations of $16.83 million. During the same quarter in the previous year, the firm posted ($1.07) EPS. CPI Aerostructures’s revenue was up 58.1% compared to the same quarter last year. Analysts predict that CPI Aerostructures will post $0.60 earnings per share for the current year.
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Several institutional investors have recently made changes to their positions in the stock. Perritt Capital Management Inc. raised its stake in CPI Aerostructures by 1.5% in the fourth quarter. Perritt Capital Management Inc. now owns 483,887 shares of the aerospace company’s stock valued at $4,476,000 after buying an additional 7,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in CPI Aerostructures by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 250,860 shares of the aerospace company’s stock valued at $2,320,000 after buying an additional 12,474 shares during the last quarter. GRT Capital Partners L.L.C. acquired a new stake in CPI Aerostructures during the fourth quarter valued at approximately $139,000. TFS Capital LLC acquired a new stake in CPI Aerostructures during the first quarter valued at approximately $120,000. Finally, Royce & Associates LP raised its stake in CPI Aerostructures by 3.8% in the fourth quarter. Royce & Associates LP now owns 627,266 shares of the aerospace company’s stock valued at $5,802,000 after buying an additional 23,200 shares during the last quarter.
CPI Aerostructures Company Profile
CPI Aerostructures, Inc (CPI Aero) is a supplier of aircraft parts for fixed wing aircraft and helicopters in both the commercial and defense markets in the United States. The Company is a manufacturer of structural aircraft parts and aerosystems. It is also a contractor to the United States Department of Defense, primarily the Air Force.
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