Commercial Vehicle Group, Inc. (NASDAQ:CVGI) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price target of $11.00 for the company and are forecasting that the company will post $0.34 EPS for the current quarter, according to Zacks. Zacks has also given Commercial Vehicle Group an industry rank of 185 out of 255 based on the ratings given to its competitors.
A number of equities analysts recently weighed in on the company. ValuEngine upgraded Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. TheStreet upgraded Commercial Vehicle Group from a “d+” rating to a “c” rating in a research report on Thursday, May 31st. Finally, BidaskClub lowered Commercial Vehicle Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday.
Several large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in Commercial Vehicle Group during the 1st quarter worth about $114,000. Citigroup Inc. boosted its position in Commercial Vehicle Group by 389.9% during the 1st quarter. Citigroup Inc. now owns 14,962 shares of the company’s stock worth $116,000 after acquiring an additional 11,908 shares during the period. Guggenheim Capital LLC acquired a new stake in Commercial Vehicle Group during the 1st quarter worth about $136,000. A.R.T. Advisors LLC acquired a new stake in Commercial Vehicle Group during the 1st quarter worth about $142,000. Finally, Barclays PLC boosted its position in Commercial Vehicle Group by 238.6% during the 1st quarter. Barclays PLC now owns 20,216 shares of the company’s stock worth $157,000 after acquiring an additional 14,246 shares during the period. Institutional investors and hedge funds own 77.25% of the company’s stock.
NASDAQ:CVGI opened at $7.99 on Friday. The company has a debt-to-equity ratio of 1.72, a current ratio of 2.43 and a quick ratio of 1.69. Commercial Vehicle Group has a 1-year low of $6.38 and a 1-year high of $13.90. The firm has a market capitalization of $262.10 million, a P/E ratio of 18.16 and a beta of 1.76.
Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.09. Commercial Vehicle Group had a return on equity of 38.01% and a net margin of 2.46%. The business had revenue of $233.39 million during the quarter, compared to analyst estimates of $232.60 million. research analysts expect that Commercial Vehicle Group will post 1.4 EPS for the current fiscal year.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, the Global Truck and Bus, and the Global Construction and Agriculture.
See Also: Market Capitalization
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.