Commercial Vehicle Group (CVGI) Rating Increased to Buy at BidaskClub

Commercial Vehicle Group (NASDAQ:CVGI) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts have also recently commented on the stock. ValuEngine upgraded shares of Commercial Vehicle Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 20th. Seaport Global Securities reiterated a “buy” rating and issued a $9.00 target price on shares of Commercial Vehicle Group in a research report on Tuesday, December 11th. One research analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $9.50.

Shares of NASDAQ CVGI opened at $7.84 on Wednesday. The stock has a market capitalization of $257.05 million, a PE ratio of 17.82 and a beta of 2.38. The company has a quick ratio of 1.73, a current ratio of 2.45 and a debt-to-equity ratio of 1.53. Commercial Vehicle Group has a 52 week low of $5.35 and a 52 week high of $11.41.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Commercial Vehicle Group by 0.3% during the fourth quarter. BlackRock Inc. now owns 1,914,761 shares of the company’s stock worth $10,913,000 after purchasing an additional 5,740 shares during the last quarter. First Quadrant L P CA increased its position in Commercial Vehicle Group by 28.6% during the fourth quarter. First Quadrant L P CA now owns 32,124 shares of the company’s stock worth $183,000 after purchasing an additional 7,137 shares during the last quarter. Teachers Advisors LLC increased its position in Commercial Vehicle Group by 14.2% during the third quarter. Teachers Advisors LLC now owns 59,520 shares of the company’s stock worth $545,000 after purchasing an additional 7,392 shares during the last quarter. California Public Employees Retirement System increased its position in Commercial Vehicle Group by 5.2% during the fourth quarter. California Public Employees Retirement System now owns 156,311 shares of the company’s stock worth $891,000 after purchasing an additional 7,744 shares during the last quarter. Finally, Stone Ridge Asset Management LLC increased its position in Commercial Vehicle Group by 34.1% during the fourth quarter. Stone Ridge Asset Management LLC now owns 31,124 shares of the company’s stock worth $177,000 after purchasing an additional 7,910 shares during the last quarter. Hedge funds and other institutional investors own 78.96% of the company’s stock.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, the Global Truck and Bus, and the Global Construction and Agriculture.

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