CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) has been assigned a consensus rating of “Buy” from the six research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $11.50.

CVU has been the topic of several analyst reports. Zacks Investment Research downgraded shares of CPI Aerostructures from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. B. Riley reissued a “buy” rating and issued a $12.00 target price on shares of CPI Aerostructures in a report on Tuesday, November 7th.

CPI Aerostructures (NYSEAMERICAN:CVU) opened at $9.15 on Friday. CPI Aerostructures has a 1-year low of $5.55 and a 1-year high of $10.05. The firm has a market cap of $79.31, a P/E ratio of 13.86 and a beta of 0.34.

CPI Aerostructures (NYSEAMERICAN:CVU) last issued its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. CPI Aerostructures had a net margin of 8.19% and a return on equity of 9.55%. The business had revenue of $20.71 million for the quarter, compared to the consensus estimate of $22.03 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis.

Institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its stake in CPI Aerostructures by 3.0% during 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. NJ State Employees Deferred Compensation Plan raised its stake in CPI Aerostructures by 116.0% during 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. Russell Investments Group Ltd. raised its stake in CPI Aerostructures by 8.3% during the second quarter. Russell Investments Group Ltd. now owns 81,803 shares of the aerospace company’s stock valued at $769,000 after purchasing an additional 6,300 shares in the last quarter. Boston Partners raised its stake in CPI Aerostructures by 74.5% during 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. Finally, Penn Capital Management Co. Inc. raised its stake in 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 valued at $2,950,000 after purchasing an additional 46,262 shares in the last quarter.

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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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