Commercial Vehicle Group (NASDAQ:CVGI) Downgraded to Hold at StockNews.com

StockNews.com cut shares of Commercial Vehicle Group (NASDAQ:CVGIGet Rating) from a buy rating to a hold rating in a research report released on Wednesday morning.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Commercial Vehicle Group from a hold rating to a buy rating and set a $7.75 target price on the stock in a report on Tuesday, May 10th. Barrington Research reaffirmed a buy rating and set a $14.00 price objective on shares of Commercial Vehicle Group in a research report on Friday, May 6th.

Commercial Vehicle Group stock opened at $6.21 on Wednesday. The stock has a market capitalization of $204.62 million, a price-to-earnings ratio of 10.53, a PEG ratio of 0.33 and a beta of 3.26. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.32 and a quick ratio of 1.46. The business has a fifty day moving average price of $7.57 and a 200-day moving average price of $7.98. Commercial Vehicle Group has a 1-year low of $6.07 and a 1-year high of $12.95.

Commercial Vehicle Group (NASDAQ:CVGIGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. Commercial Vehicle Group had a return on equity of 22.91% and a net margin of 1.98%. The business had revenue of $244.37 million during the quarter, compared to analyst estimates of $228.97 million. On average, equities research analysts anticipate that Commercial Vehicle Group will post 0.93 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Commercial Vehicle Group by 0.4% during the 4th quarter. BlackRock Inc. now owns 2,108,773 shares of the company’s stock worth $16,996,000 after buying an additional 8,365 shares during the period. Polar Asset Management Partners Inc. increased its position in shares of Commercial Vehicle Group by 16.2% in the 1st quarter. Polar Asset Management Partners Inc. now owns 1,763,132 shares of the company’s stock worth $14,898,000 after purchasing an additional 245,838 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Commercial Vehicle Group by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 1,537,929 shares of the company’s stock worth $12,996,000 after purchasing an additional 88,130 shares during the last quarter. Royce & Associates LP increased its position in shares of Commercial Vehicle Group by 24.2% in the 1st quarter. Royce & Associates LP now owns 1,515,273 shares of the company’s stock worth $12,804,000 after purchasing an additional 295,290 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Commercial Vehicle Group by 53.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,105,819 shares of the company’s stock worth $10,461,000 after purchasing an additional 384,900 shares during the last quarter. Institutional investors own 59.49% of the company’s stock.

About Commercial Vehicle Group (Get Rating)

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. It operates in four segments: Vehicle Solutions, Warehouse Automation, Electrical Systems, and Aftermarket & Accessories.

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