Commercial Vehicle Group Inc. (CVGI) Upgraded at Zacks Investment Research
Commercial Vehicle Group Inc. (NASDAQ:CVGI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage presently has a $6.25 price objective on the stock. Zacks Investment Research’s price target suggests a potential upside of 10.62% from the company’s previous close.
According to Zacks, “Commercial Vehicle Group supplies interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the construction market and other specialized transportation markets. The company’s products include suspension seat systems, interior trim systems, such as instrument and door panels, headliners, cabinetry and floor systems, mirrors, wiper systems, controls and switches specifically designed for applications in commercial vehicle cabs. “
Separately, Seaport Global Securities lowered shares of Commercial Vehicle Group from a “buy” rating to a “neutral” rating and set a $5.00 price objective for the company. in a report on Wednesday, July 6th.
Commercial Vehicle Group (NASDAQ:CVGI) traded down 0.70% during midday trading on Tuesday, hitting $5.65. 91,968 shares of the stock were exchanged. Commercial Vehicle Group has a 12 month low of $2.02 and a 12 month high of $6.00. The firm’s 50 day moving average price is $5.55 and its 200 day moving average price is $4.19. The company has a market cap of $173.00 million, a PE ratio of 29.89 and a beta of 1.82.
Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06. Commercial Vehicle Group had a net margin of 0.74% and a return on equity of 10.83%. On average, equities research analysts forecast that Commercial Vehicle Group will post $0.21 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC bought a new stake in shares of Commercial Vehicle Group during the second quarter worth $104,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Commercial Vehicle Group during the second quarter worth $131,000. Acrospire Investment Management LLC raised its stake in shares of Commercial Vehicle Group by 73.6% in the second quarter. Acrospire Investment Management LLC now owns 25,948 shares of the company’s stock worth $135,000 after buying an additional 10,998 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Commercial Vehicle Group during the second quarter worth $158,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Commercial Vehicle Group by 3,447.5% in the second quarter. JPMorgan Chase & Co. now owns 36,681 shares of the company’s stock worth $191,000 after buying an additional 35,647 shares during the last quarter. Institutional investors own 56.65% of the company’s stock.
Commercial Vehicle Group Company Profile
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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