Zacks: Commercial Vehicle Group, Inc. (CVGI) Given $13.00 Consensus Target Price by Brokerages

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

Analysts have set a 12 month consensus price objective 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 assigned Commercial Vehicle Group an industry rank of 111 out of 265 based on the ratings given to its competitors.

Several analysts have weighed in on CVGI shares. BidaskClub downgraded Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th. ValuEngine raised Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research note on Thursday, October 19th.

Several institutional investors and hedge funds have recently bought and sold shares of CVGI. Wells Fargo & Company MN raised its stake in shares of Commercial Vehicle Group by 54.7% in the 3rd quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock worth $113,000 after buying an additional 5,412 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Commercial Vehicle Group in the 3rd quarter worth $139,000. The Manufacturers Life Insurance Company raised its stake in shares of Commercial Vehicle Group by 10,810.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,020 shares of the company’s stock worth $195,000 after buying an additional 22,809 shares in the last quarter. Rhumbline Advisers bought a new stake in shares of Commercial Vehicle Group in the 2nd quarter worth $225,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Commercial Vehicle Group in the 2nd quarter worth $227,000. 75.80% of the stock is currently owned by institutional investors.

Shares of Commercial Vehicle Group (CVGI) traded down $0.52 during trading on Thursday, reaching $10.58. The company’s stock had a trading volume of 241,068 shares, compared to its average volume of 304,877. The company has a quick ratio of 1.44, a current ratio of 2.09 and a debt-to-equity ratio of 2.10. The company has a market cap of $343.37, a P/E ratio of 55.69 and a beta of 1.16. Commercial Vehicle Group has a 52-week low of $5.35 and a 52-week high of $13.90.

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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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