Zacks Investment Research upgraded shares of Commercial Vehicle Group Inc. (NASDAQ:CVGI) from a hold rating to a buy rating in a report released on Tuesday. Zacks Investment Research currently has $6.25 price objective on the stock.
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 Commercial Vehicle Group from a buy rating to a neutral rating and set a $5.00 price target for the company. in a research report on Wednesday, July 6th.
Shares of Commercial Vehicle Group (NASDAQ:CVGI) opened at 5.58 on Tuesday. The firm has a market capitalization of $170.85 million, a price-to-earnings ratio of 29.52 and a beta of 1.82. Commercial Vehicle Group has a 1-year low of $2.02 and a 1-year high of $6.00. The company has a 50-day moving average price of $5.59 and a 200 day moving average price of $4.22.
Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. Commercial Vehicle Group had a return on equity of 10.83% and a net margin of 0.74%. On average, equities research analysts predict that Commercial Vehicle Group will post $0.21 EPS for the current year.
A number of hedge funds have recently modified their holdings of CVGI. Eagle Boston Investment Management Inc. increased its position in Commercial Vehicle Group by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 970,485 shares of the company’s stock worth $5,609,000 after buying an additional 7,283 shares during the period. Algert Global LLC increased its position in Commercial Vehicle Group by 53.2% in the third quarter. Algert Global LLC now owns 431,171 shares of the company’s stock worth $2,492,000 after buying an additional 149,799 shares during the period. Aristotle Capital Boston LLC increased its position in Commercial Vehicle Group by 0.5% in the second quarter. Aristotle Capital Boston LLC now owns 738,371 shares of the company’s stock worth $3,840,000 after buying an additional 3,381 shares during the period. Schwab Charles Investment Management Inc. increased its position in Commercial Vehicle Group by 20.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 133,301 shares of the company’s stock worth $694,000 after buying an additional 22,713 shares during the period. Finally, Paloma Partners Management Co purchased a new position in Commercial Vehicle Group during the second quarter worth about $605,000. Institutional investors and hedge funds 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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