Commercial Vehicle Group, Inc. (CVGI) Given Consensus Recommendation of “Strong Buy” by Brokerages

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

Brokerages have set a 1-year consensus price target of $13.00 for the company and are forecasting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also assigned Commercial Vehicle Group an industry rank of 122 out of 265 based on the ratings given to its competitors.

Several analysts recently weighed in on CVGI shares. BidaskClub lowered 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 price objective on the stock in a research note on Thursday, October 19th.

Large investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH acquired a new stake in shares of Commercial Vehicle Group during the fourth quarter valued at about $109,000. Wells Fargo & Company MN boosted its stake in shares of Commercial Vehicle Group by 54.7% during 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 in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Commercial Vehicle Group during the third quarter valued at about $139,000. The Manufacturers Life Insurance Company boosted its stake in shares of Commercial Vehicle Group by 10,810.0% during the second quarter. The Manufacturers Life Insurance Company now owns 23,020 shares of the company’s stock valued at $195,000 after purchasing an additional 22,809 shares in the last quarter. Finally, Bogle Investment Management L P DE acquired a new stake in shares of Commercial Vehicle Group during the fourth quarter valued at about $212,000. 76.36% of the stock is currently owned by institutional investors and hedge funds.

Commercial Vehicle Group (NASDAQ:CVGI) traded up $0.10 during trading hours on Wednesday, reaching $10.51. The company had a trading volume of 437,460 shares, compared to its average volume of 327,705. The firm has a market capitalization of $333.88, a price-to-earnings ratio of 52.55 and a beta of 1.16. The company has a quick ratio of 1.44, a current ratio of 2.09 and a debt-to-equity ratio of 2.10. Commercial Vehicle Group has a fifty-two week low of $5.35 and a fifty-two 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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