Commercial Vehicle Group (NASDAQ:CVGI) Upgraded at Wall Street Zen

Commercial Vehicle Group (NASDAQ:CVGI) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Several other brokerages have also issued reports on CVGI. Noble Financial reissued an “outperform” rating on shares of Commercial Vehicle Group in a research note on Thursday, May 7th. Barrington Research reiterated an “outperform” rating and issued a $6.00 price objective on shares of Commercial Vehicle Group in a research note on Monday, May 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Commercial Vehicle Group in a research note on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Commercial Vehicle Group presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Commercial Vehicle Group Stock Performance

CVGI stock opened at $4.62 on Friday. The stock has a 50-day moving average price of $4.91 and a 200-day moving average price of $3.55. Commercial Vehicle Group has a 1-year low of $1.29 and a 1-year high of $5.88. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.69. The firm has a market cap of $168.72 million, a PE ratio of -8.88 and a beta of 1.43.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its earnings results on Tuesday, May 5th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.04. Commercial Vehicle Group had a negative return on equity of 12.47% and a negative net margin of 2.70%.The company had revenue of $171.50 million for the quarter, compared to analyst estimates of $159.97 million. As a group, equities research analysts expect that Commercial Vehicle Group will post -0.09 earnings per share for the current year.

Institutional Trading of Commercial Vehicle Group

Several hedge funds have recently bought and sold shares of CVGI. Engineers Gate Manager LP lifted its position in shares of Commercial Vehicle Group by 87.1% during the second quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock valued at $33,000 after purchasing an additional 9,364 shares in the last quarter. Virtu Financial LLC purchased a new stake in Commercial Vehicle Group in the 4th quarter valued at about $33,000. NewEdge Advisors LLC bought a new position in shares of Commercial Vehicle Group during the 1st quarter worth approximately $44,000. Qube Research & Technologies Ltd bought a new position in shares of Commercial Vehicle Group during the 2nd quarter worth approximately $78,000. Finally, Bank of America Corp DE boosted its stake in shares of Commercial Vehicle Group by 46.1% in the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after buying an additional 10,242 shares during the last quarter. Institutional investors and hedge funds 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.