Commercial Vehicle Group, Inc. (CVGI) Receives Average Rating of “Strong Buy” from Brokerages
Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus target price of $12.00 for the company and are expecting that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Commercial Vehicle Group an industry rank of 107 out of 265 based on the ratings given to its competitors.
A number of research firms recently commented on CVGI. BidaskClub cut Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a report on Thursday. Zacks Investment Research cut Commercial Vehicle Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, ValuEngine cut Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
Commercial Vehicle Group (CVGI) traded down $0.20 during trading on Monday, reaching $10.88. The company had a trading volume of 132,200 shares, compared to its average volume of 210,989. Commercial Vehicle Group has a fifty-two week low of $5.15 and a fifty-two week high of $11.85. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.09 and a quick ratio of 1.44. The company has a market capitalization of $335.42, a PE ratio of 54.40 and a beta of 1.00.
Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. Commercial Vehicle Group had a return on equity of 14.58% and a net margin of 0.82%. The business had revenue of $198.30 million during the quarter, compared to analysts’ expectations of $173.90 million. During the same quarter last year, the company posted $0.07 earnings per share. Commercial Vehicle Group’s quarterly revenue was up 29.1% on a year-over-year basis. sell-side analysts anticipate that Commercial Vehicle Group will post 0.32 earnings per share for the current year.
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About Commercial Vehicle Group
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.
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