Commercial Vehicle Group (NASDAQ:CVGI) Upgraded to “Buy” at Wall Street Zen

Commercial Vehicle Group (NASDAQ:CVGI) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Commercial Vehicle Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Commercial Vehicle Group Stock Up 0.6%

Shares of NASDAQ CVGI opened at $3.59 on Friday. The company has a quick ratio of 1.34, a current ratio of 2.43 and a debt-to-equity ratio of 0.78. The firm has a market cap of $131.54 million, a PE ratio of -5.36 and a beta of 1.89. The company’s fifty day simple moving average is $1.89 and its 200 day simple moving average is $1.72. Commercial Vehicle Group has a 12-month low of $0.81 and a 12-month high of $3.64.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings results on Tuesday, March 10th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.03). Commercial Vehicle Group had a negative net margin of 3.51% and a negative return on equity of 11.74%. The company had revenue of $154.76 million during the quarter, compared to the consensus estimate of $147.05 million. As a group, sell-side analysts forecast that Commercial Vehicle Group will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in Commercial Vehicle Group during the fourth quarter worth about $33,000. Engineers Gate Manager LP lifted its position in shares of Commercial Vehicle Group by 87.1% during the 2nd quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock worth $33,000 after buying an additional 9,364 shares in the last quarter. Teton Advisors LLC purchased a new position in shares of Commercial Vehicle Group in the 3rd quarter worth approximately $78,000. Qube Research & Technologies Ltd bought a new position in shares of Commercial Vehicle Group in the second quarter valued at approximately $78,000. Finally, Bank of America Corp DE grew its holdings in shares of Commercial Vehicle Group by 46.1% in the fourth quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock valued at $81,000 after acquiring an additional 10,242 shares in the last quarter. Institutional investors own 72.32% of the company’s stock.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI’s offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.

The company’s product portfolio is organized around three core segments: Seating, Controls and Interiors.