Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. Commercial Vehicle Group’s rating score has improved by 66.7% in the last three months as a result of various analysts’ ratings changes.
Brokerages have set a 1-year consensus price target of $8.50 for the company, according to Zacks. Zacks has also given Commercial Vehicle Group an industry rank of 37 out of 265 based on the ratings given to its competitors.
CVGI has been the subject of a number of research reports. Seaport Global Securities raised shares of Commercial Vehicle Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $5.50 to $7.00 in a research note on Thursday, March 30th. Zacks Investment Research raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research note on Friday, March 31st.
A number of institutional investors have recently added to or reduced their stakes in CVGI. Acadian Asset Management LLC boosted its position in Commercial Vehicle Group by 163.6% in the third quarter. Acadian Asset Management LLC now owns 1,221,177 shares of the company’s stock worth $7,058,000 after buying an additional 757,835 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Commercial Vehicle Group during the fourth quarter worth approximately $1,883,000. Numeric Investors LLC boosted its position in Commercial Vehicle Group by 44.7% in the fourth quarter. Numeric Investors LLC now owns 1,039,543 shares of the company’s stock worth $5,749,000 after buying an additional 321,252 shares in the last quarter. Renaissance Technologies LLC boosted its position in Commercial Vehicle Group by 25.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,127,206 shares of the company’s stock worth $6,233,000 after buying an additional 227,606 shares in the last quarter. Finally, Royce & Associates LP boosted its position in Commercial Vehicle Group by 20.5% in the fourth quarter. Royce & Associates LP now owns 1,161,501 shares of the company’s stock worth $6,423,000 after buying an additional 197,804 shares in the last quarter. 62.12% of the stock is owned by institutional investors and hedge funds.
Shares of Commercial Vehicle Group (NASDAQ:CVGI) traded up 2.44% on Tuesday, hitting $8.40. 544,362 shares of the company’s stock were exchanged. The firm has a market cap of $259.16 million, a P/E ratio of 36.52 and a beta of 0.84. Commercial Vehicle Group has a 12 month low of $2.14 and a 12 month high of $8.50. The stock’s 50 day moving average is $6.37 and its 200 day moving average is $5.74.
Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Thursday, March 9th. The company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. Commercial Vehicle Group had a net margin of 0.59% and a return on equity of 9.49%. The business earned $149.97 million during the quarter, compared to analysts’ expectations of $153.10 million. The company’s quarterly revenue was down 18.8% on a year-over-year basis. On average, equities analysts predict that Commercial Vehicle Group will post $0.29 earnings per share for the current year.
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About Commercial Vehicle Group
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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