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

Wall Street Zen upgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) from a buy rating to a strong-buy rating in a report issued on Saturday.

A number of other research analysts have also commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Commercial Vehicle Group in a research report on Tuesday, June 9th. Noble Financial reiterated an “outperform” rating on shares of Commercial Vehicle Group in a research report on Thursday, May 7th. Finally, Barrington Research reissued an “outperform” rating and set a $6.00 target price on shares of Commercial Vehicle Group in a research note on Monday, May 4th. Two investment 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, Commercial Vehicle Group currently has a consensus rating of “Hold” and an average price target of $6.00.

Commercial Vehicle Group Price Performance

Shares of Commercial Vehicle Group stock opened at $4.54 on Friday. The company’s fifty day simple moving average is $4.90 and its two-hundred day simple moving average is $3.59. Commercial Vehicle Group has a 12-month low of $1.29 and a 12-month high of $5.88. The firm has a market cap of $165.80 million, a PE ratio of -8.73 and a beta of 1.43. The company has a quick ratio of 1.20, a current ratio of 2.13 and a debt-to-equity ratio of 0.69.

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

Hedge Funds Weigh In On Commercial Vehicle Group

Several hedge funds and other institutional investors have recently modified their holdings of CVGI. Engineers Gate Manager LP raised its stake in Commercial Vehicle Group by 87.1% in the second 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. Virtu Financial LLC purchased a new position in shares of Commercial Vehicle Group during the 4th quarter worth approximately $33,000. NewEdge Advisors LLC bought 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 2nd quarter worth approximately $78,000. Finally, Bank of America Corp DE lifted 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 valued at $81,000 after purchasing an additional 10,242 shares during the period. Hedge funds and other 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.