StockNews.com Upgrades Commercial Vehicle Group (NASDAQ:CVGI) to “Buy”

Commercial Vehicle Group (NASDAQ:CVGIGet Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Barrington Research reissued a “buy” rating and issued a $14.00 price objective on shares of Commercial Vehicle Group in a report on Friday, May 6th.

Shares of CVGI opened at $5.50 on Friday. The stock’s 50-day moving average is $6.85 and its two-hundred day moving average is $7.64. The stock has a market cap of $181.20 million, a PE ratio of 9.32, a P/E/G ratio of 0.31 and a beta of 3.27. Commercial Vehicle Group has a 12 month low of $5.31 and a 12 month high of $11.34. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.32 and a quick ratio of 1.46.

Commercial Vehicle Group (NASDAQ:CVGIGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $228.97 million. On average, research analysts anticipate that Commercial Vehicle Group will post 0.93 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in Commercial Vehicle Group by 72.8% in the second quarter. Bank of America Corp DE now owns 5,700 shares of the company’s stock worth $60,000 after purchasing an additional 2,401 shares during the period. Metropolitan Life Insurance Co NY acquired a new position in shares of Commercial Vehicle Group in the first quarter worth $67,000. Advisor Group Holdings Inc. acquired a new position in shares of Commercial Vehicle Group in the first quarter worth $67,000. BNP Paribas Arbitrage SA increased its position in Commercial Vehicle Group by 506.9% during the third quarter. BNP Paribas Arbitrage SA now owns 8,096 shares of the company’s stock worth $77,000 after buying an additional 6,762 shares during the last quarter. Finally, Citigroup Inc. increased its position in Commercial Vehicle Group by 376.5% during the third quarter. Citigroup Inc. now owns 8,524 shares of the company’s stock worth $81,000 after buying an additional 6,735 shares during the last quarter. Hedge funds and other 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.

Featured Articles

Receive News & Ratings for Commercial Vehicle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Vehicle Group and related companies with MarketBeat.com's FREE daily email newsletter.