CPI Aerostructures, Inc. (CVU) Receives Consensus Recommendation of “Buy” from Brokerages

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) has earned a consensus rating of “Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. One investment 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 brokerages that have covered the stock in the last year is $11.50.

Several brokerages have recently weighed in on CVU. B. Riley restated a “buy” rating and set a $12.00 target price on shares of CPI Aerostructures in a research note on Tuesday, November 7th. Zacks Investment Research upgraded CPI Aerostructures from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th.

Shares of CPI Aerostructures (NYSEAMERICAN CVU) opened at $8.55 on Wednesday. The firm has a market capitalization of $80.89, a PE ratio of 12.95 and a beta of 0.35. CPI Aerostructures has a 52 week low of $5.55 and a 52 week high of $10.05.

CPI Aerostructures (NYSEAMERICAN:CVU) last announced its 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. The company had revenue of $20.71 million during the quarter, compared to the consensus estimate of $22.03 million. CPI Aerostructures had a return on equity of 9.55% and a net margin of 8.19%. The company’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.19 earnings per share.

Large investors have recently bought and sold shares of the stock. Northern Trust Corp grew its stake in CPI Aerostructures by 3.0% in the second quarter. Northern Trust Corp now owns 21,897 shares of the aerospace company’s stock worth $205,000 after purchasing an additional 634 shares in the last quarter. NJ State Employees Deferred Compensation Plan grew its stake 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 worth $505,000 after purchasing an additional 29,000 shares in the last quarter. Boston Partners grew its stake in CPI Aerostructures by 74.5% in the third quarter. Boston Partners now owns 89,024 shares of the aerospace company’s stock worth $832,000 after purchasing an additional 38,000 shares in the last quarter. Russell Investments Group Ltd. grew its stake 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 worth $1,122,000 after purchasing an additional 38,257 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in CPI Aerostructures by 26.9% in the second quarter. Dimensional Fund Advisors LP now owns 389,813 shares of the aerospace company’s stock worth $3,664,000 after purchasing an additional 82,742 shares in the last quarter.

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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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