Commercial Vehicle Group (NASDAQ:CVGI) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) from a strong-buy rating to a buy rating in a research note issued to investors on Sunday.

A number of other equities research analysts have also commented on CVGI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Commercial Vehicle Group in a research note on Tuesday, June 9th. Noble Financial reissued an “outperform” rating on shares of Commercial Vehicle Group in a research note on Thursday, May 7th. Finally, Barrington Research restated an “outperform” rating and issued a $6.00 target price on shares of Commercial Vehicle Group in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Commercial Vehicle Group Price Performance

Shares of NASDAQ:CVGI opened at $4.53 on Friday. The firm has a market cap of $165.44 million, a PE ratio of -8.71 and a beta of 1.45. The firm’s fifty day moving average is $4.87 and its 200-day moving average is $3.66. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.20 and a current ratio of 2.13. Commercial Vehicle Group has a 52 week low of $1.29 and a 52 week high of $5.88.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $171.50 million for the quarter, compared to analyst estimates of $159.97 million. Sell-side analysts predict that Commercial Vehicle Group will post -0.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. 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 position in shares of Commercial Vehicle Group in the 4th quarter worth approximately $33,000. NewEdge Advisors LLC purchased a new position in shares of Commercial Vehicle Group in the 1st quarter worth approximately $44,000. 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.