CPI Aerostructures, Inc. (CVU) Rating Reiterated by B. Riley
CPI Aerostructures, Inc. (NYSEMKT:CVU)‘s stock had its “buy” rating reaffirmed by analysts at B. Riley in a report issued on Tuesday. They currently have a $12.00 target price on the aerospace company’s stock. B. Riley’s price target would suggest a potential upside of 29.03% from the stock’s current price.
A number of other research analysts have also recently weighed in on the stock. ValuEngine cut shares of CPI Aerostructures from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. TheStreet upgraded shares of CPI Aerostructures from a “d+” rating to a “c-” rating in a report on Tuesday, May 23rd. Noble Financial upgraded shares of CPI Aerostructures from a “hold” rating to a “buy” rating in a report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded shares of CPI Aerostructures from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. CPI Aerostructures currently has a consensus rating of “Buy” and an average target price of $9.75.
Shares of CPI Aerostructures (CVU) traded down 0.54% during trading on Tuesday, reaching $9.25. 112,092 shares of the company’s stock were exchanged. The company has a 50 day moving average of $9.33 and a 200 day moving average of $7.92. The stock has a market cap of $81.70 million, a P/E ratio of 11.86 and a beta of 0.79. CPI Aerostructures has a 12-month low of $5.55 and a 12-month high of $10.15.
CPI Aerostructures (NYSEMKT:CVU) last announced its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. CPI Aerostructures had a net margin of 6.24% and a return on equity of 7.32%. The business had revenue of $16.73 million during the quarter, compared to analysts’ expectations of $17.57 million. CPI Aerostructures’s quarterly revenue was down 24.9% on a year-over-year basis. Equities research analysts anticipate that CPI Aerostructures will post $0.60 EPS for the current year.
Several hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in CPI Aerostructures during the fourth quarter valued at approximately $836,000. Renaissance Technologies LLC acquired a new stake in CPI Aerostructures during the fourth quarter valued at approximately $350,000. Rutabaga Capital Management LLC MA increased its stake in CPI Aerostructures by 4.2% in the third quarter. Rutabaga Capital Management LLC MA now owns 601,609 shares of the aerospace company’s stock valued at $4,061,000 after buying an additional 24,200 shares during the period. Heartland Advisors Inc. increased its stake in CPI Aerostructures by 25.6% in the first quarter. Heartland Advisors Inc. now owns 770,000 shares of the aerospace company’s stock valued at $5,198,000 after buying an additional 156,900 shares during the period. Finally, Penn Capital Management Co. Inc. increased its stake in CPI Aerostructures by 0.4% in the fourth quarter. Penn Capital Management Co. Inc. now owns 454,365 shares of the aerospace company’s stock valued at $4,421,000 after buying an additional 1,659 shares during the period.
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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