Commercial Vehicle Group, Inc. (CVGI) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a 1 year consensus target price of $13.00 for the company and are predicting that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also given Commercial Vehicle Group an industry rank of 84 out of 265 based on the ratings given to related companies.

CVGI has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Commercial Vehicle Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, BidaskClub downgraded Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th.

A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in Commercial Vehicle Group by 54.7% in the third quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after purchasing an additional 5,412 shares during the last quarter. Cadence Capital Management LLC lifted its stake in Commercial Vehicle Group by 5.1% in the third quarter. Cadence Capital Management LLC now owns 165,525 shares of the company’s stock valued at $1,217,000 after purchasing an additional 8,075 shares during the last quarter. California Public Employees Retirement System lifted its stake in Commercial Vehicle Group by 7.5% in the second quarter. California Public Employees Retirement System now owns 164,800 shares of the company’s stock valued at $1,393,000 after purchasing an additional 11,500 shares during the last quarter. Vanguard Group Inc. lifted its stake in Commercial Vehicle Group by 1.4% in the second quarter. Vanguard Group Inc. now owns 1,146,577 shares of the company’s stock valued at $9,689,000 after purchasing an additional 15,512 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Commercial Vehicle Group in the third quarter valued at approximately $139,000. Institutional investors and hedge funds own 76.44% of the company’s stock.

Shares of Commercial Vehicle Group (CVGI) traded up $0.13 during midday trading on Friday, hitting $12.92. The stock had a trading volume of 581,000 shares, compared to its average volume of 259,450. Commercial Vehicle Group has a 12-month low of $5.17 and a 12-month high of $13.66. The stock has a market cap of $399.55, a P/E ratio of 64.60 and a beta of 1.00. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.09 and a quick ratio of 1.44.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its earnings results on Monday, November 6th. The company reported $0.16 earnings per share 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 firm had revenue of $198.30 million for the quarter, compared to the consensus estimate of $173.90 million. During the same quarter in the previous year, the business earned $0.07 EPS. The company’s revenue was up 29.1% compared to the same quarter last year. research analysts expect that Commercial Vehicle Group will post 0.46 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Commercial Vehicle Group, Inc. (CVGI) Receives Average Recommendation of “Strong Buy” from Analysts” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/01/19/commercial-vehicle-group-inc-cvgi-receives-average-recommendation-of-strong-buy-from-analysts.html.

Commercial Vehicle Group Company Profile

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.

Get a free copy of the Zacks research report on Commercial Vehicle Group (CVGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Commercial Vehicle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Vehicle Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply