Shares of CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) have been given a consensus rating of “Buy” by the six research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $11.50.

CVU has been the subject of several recent analyst reports. Zacks Investment Research raised shares of CPI Aerostructures from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Thursday, August 24th. B. Riley reaffirmed a “buy” rating and issued a $12.00 target price on shares of CPI Aerostructures in a research note on Sunday, August 13th. Noble Financial reaffirmed a “buy” rating on shares of CPI Aerostructures in a research note on Wednesday, August 9th. Finally, Canaccord Genuity upped their target price on shares of CPI Aerostructures from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th.

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Shares of CPI Aerostructures (NYSEAMERICAN:CVU) opened at $8.65 on Friday. CPI Aerostructures has a 12 month low of $5.55 and a 12 month high of $10.15.

CPI Aerostructures (NYSEAMERICAN:CVU) last issued its earnings results on Wednesday, November 8th. The aerospace company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. CPI Aerostructures had a net margin of 4.58% and a return on equity of 4.40%. The firm had revenue of $20.71 million during the quarter, compared to the consensus estimate of $22.03 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was down 6.3% on a year-over-year basis.

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in CPI Aerostructures by 19.2% in the third quarter. Dimensional Fund Advisors LP now owns 464,574 shares of the aerospace company’s stock valued at $4,344,000 after purchasing an additional 74,761 shares in the last quarter. Russell Investments Group Ltd. grew its position in CPI Aerostructures by 46.8% in the third quarter. Russell Investments Group Ltd. now owns 120,060 shares of the aerospace company’s stock valued at $1,122,000 after purchasing an additional 38,257 shares in the last quarter. Boston Partners grew its position in CPI Aerostructures by 74.5% in the third quarter. Boston Partners now owns 89,024 shares of the aerospace company’s stock valued at $832,000 after purchasing an additional 38,000 shares in the last quarter. NJ State Employees Deferred Compensation Plan grew its position in CPI Aerostructures by 116.0% in the third quarter. NJ State Employees Deferred Compensation Plan now owns 54,000 shares of the aerospace company’s stock valued at $505,000 after purchasing an additional 29,000 shares in the last quarter. Finally, Northern Trust Corp grew its position in CPI Aerostructures by 3.0% in the second quarter. Northern Trust Corp now owns 21,897 shares of the aerospace company’s stock valued at $205,000 after purchasing an additional 634 shares in 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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