CPI Aerostructures, Inc. (CVU) Receives Average Rating of “Buy” from Analysts
Shares of CPI Aerostructures, Inc. (NYSEMKT:CVU) have received an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $11.50.
Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of CPI Aerostructures from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. B. Riley restated a “buy” rating and set a $12.00 price objective on shares of CPI Aerostructures in a research report on Sunday, August 13th. Noble Financial restated a “buy” rating on shares of CPI Aerostructures in a research report on Wednesday, August 9th. Finally, Canaccord Genuity upped their price objective on shares of CPI Aerostructures from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th.
Shares of CPI Aerostructures (NYSEMKT CVU) opened at 9.10 on Monday. The stock has a market capitalization of $80.50 million, a PE ratio of 13.77 and a beta of 0.79. The stock has a 50 day moving average of $8.90 and a 200-day moving average of $8.37. CPI Aerostructures has a 52 week low of $5.55 and a 52 week high of $10.15.
CPI Aerostructures (NYSEMKT:CVU) last posted its earnings results on Tuesday, August 8th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. CPI Aerostructures had a net margin of 4.58% and a return on equity of 4.40%. The firm 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. On average, equities research analysts expect that CPI Aerostructures will post $0.60 EPS for the current year.
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A number of large investors have recently bought and sold shares of CVU. Dimensional Fund Advisors LP grew its holdings in shares of CPI Aerostructures by 22.4% during the first quarter. Dimensional Fund Advisors LP now owns 307,071 shares of the aerospace company’s stock worth $2,073,000 after buying an additional 56,211 shares in the last quarter. Algert Global LLC purchased a new stake in shares of CPI Aerostructures during the second quarter worth $181,000. Penn Capital Management Co. Inc. grew its holdings in shares of CPI Aerostructures by 17.3% during the second quarter. Penn Capital Management Co. Inc. now owns 313,801 shares of the aerospace company’s stock worth $2,950,000 after buying an additional 46,262 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of CPI Aerostructures by 8.3% during the second quarter. Russell Investments Group Ltd. now owns 81,803 shares of the aerospace company’s stock worth $769,000 after buying an additional 6,300 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of CPI Aerostructures by 3.0% during the second quarter. Northern Trust Corp now owns 21,897 shares of the aerospace company’s stock worth $205,000 after buying an additional 634 shares in the last quarter.
About CPI Aerostructures
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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