Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Analysts at Seaport Global Securities raised their Q2 2017 earnings estimates for shares of Commercial Vehicle Group in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Shlisky now forecasts that the company will post earnings of $0.13 per share for the quarter, up from their previous estimate of $0.12. Seaport Global Securities currently has a “Buy” rating and a $8.50 target price on the stock. Seaport Global Securities also issued estimates for Commercial Vehicle Group’s Q3 2017 earnings at $0.13 EPS, Q4 2017 earnings at $0.10 EPS, FY2017 earnings at $0.44 EPS, Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.19 EPS and Q4 2018 earnings at $0.17 EPS.

Separately, Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a report on Friday, March 31st.

WARNING: This piece was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/21/q2-2017-earnings-estimate-for-commercial-vehicle-group-inc-cvgi-issued-by-seaport-global-securities.html.

Commercial Vehicle Group (NASDAQ CVGI) opened at 8.55 on Friday. The company has a market cap of $263.72 million, a price-to-earnings ratio of 53.44 and a beta of 0.65. Commercial Vehicle Group has a 52-week low of $3.82 and a 52-week high of $9.62. The stock has a 50 day moving average of $8.29 and a 200-day moving average of $7.17.

In other news, Director Scott C. Arves sold 8,500 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $9.30, for a total value of $79,050.00. Following the completion of the sale, the director now owns 107,606 shares of the company’s stock, valued at approximately $1,000,735.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.01% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Ironwood Investment Management LLC boosted its stake in Commercial Vehicle Group by 0.5% in the first quarter. Ironwood Investment Management LLC now owns 257,690 shares of the company’s stock worth $1,745,000 after buying an additional 1,375 shares during the period. Bank of New York Mellon Corp boosted its stake in Commercial Vehicle Group by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 115,861 shares of the company’s stock worth $785,000 after buying an additional 1,439 shares during the period. ClariVest Asset Management LLC boosted its stake in Commercial Vehicle Group by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 72,829 shares of the company’s stock worth $493,000 after buying an additional 3,675 shares during the period. Vanguard Group Inc. boosted its stake in Commercial Vehicle Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,131,065 shares of the company’s stock worth $7,658,000 after buying an additional 9,295 shares during the period. Finally, Morgan Stanley boosted its stake in Commercial Vehicle Group by 5.1% in the first quarter. Morgan Stanley now owns 329,923 shares of the company’s stock worth $2,234,000 after buying an additional 16,145 shares during the period. Institutional investors and hedge funds own 61.93% of the company’s stock.

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.

Earnings History and Estimates for Commercial Vehicle Group (NASDAQ:CVGI)

Receive News & Ratings for Commercial Vehicle Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Vehicle Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.