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

Wall Street Zen upgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) from a hold rating to a buy rating in a report published on Sunday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Commercial Vehicle Group in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Commercial Vehicle Group currently has a consensus rating of “Reduce”.

Commercial Vehicle Group Stock Performance

Shares of CVGI opened at $3.71 on Friday. The firm’s 50 day moving average is $1.96 and its 200-day moving average is $1.75. The stock has a market capitalization of $135.93 million, a P/E ratio of -5.54 and a beta of 1.89. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.43 and a quick ratio of 1.34. Commercial Vehicle Group has a 12-month low of $0.81 and a 12-month high of $3.80.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Tuesday, March 10th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The business had revenue of $154.76 million during the quarter, compared to the consensus estimate of $147.05 million. Commercial Vehicle Group had a negative return on equity of 11.74% and a negative net margin of 3.51%. Equities research analysts anticipate that Commercial Vehicle Group will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Commercial Vehicle Group

A number of hedge funds have recently modified their holdings of CVGI. Engineers Gate Manager LP raised its holdings 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 worth $33,000 after acquiring an additional 9,364 shares in the last quarter. Virtu Financial LLC purchased a new position in Commercial Vehicle Group in the fourth quarter valued at about $33,000. Bank of America Corp DE increased its position in 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 purchasing an additional 10,242 shares during the last quarter. Teton Advisors LLC purchased a new stake in shares of Commercial Vehicle Group during the 3rd quarter worth about $78,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Commercial Vehicle Group during the 2nd quarter worth about $78,000. 72.32% of the stock is owned by institutional investors and hedge funds.

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.