Barrington Research Reaffirms Outperform Rating for Commercial Vehicle Group (NASDAQ:CVGI)

Commercial Vehicle Group (NASDAQ:CVGI)‘s stock had its “outperform” rating reaffirmed by research analysts at Barrington Research in a research report issued on Monday, Benzinga reports. They currently have a $10.00 price objective on the stock. Barrington Research’s price objective suggests a potential upside of 78.57% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. TheStreet raised Commercial Vehicle Group from a “d+” rating to a “c” rating in a research note on Monday, March 4th.

Commercial Vehicle Group Stock Performance

Shares of Commercial Vehicle Group stock opened at $5.60 on Monday. The business’s 50 day moving average price is $6.26 and its 200 day moving average price is $6.47. The company has a market cap of $189.73 million, a price-to-earnings ratio of 3.78, a PEG ratio of 0.33 and a beta of 2.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.38 and a current ratio of 2.26. Commercial Vehicle Group has a one year low of $4.89 and a one year high of $11.96.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.06). The firm had revenue of $223.09 million during the quarter, compared to analyst estimates of $225.22 million. Commercial Vehicle Group had a net margin of 4.97% and a return on equity of 20.22%. During the same quarter in the previous year, the firm earned $0.04 earnings per share. On average, research analysts predict that Commercial Vehicle Group will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CVGI. SG Americas Securities LLC purchased a new position in shares of Commercial Vehicle Group in the 3rd quarter valued at approximately $101,000. Bailard Inc. acquired a new position in Commercial Vehicle Group in the 3rd quarter valued at $179,000. Mackenzie Financial Corp acquired a new position in Commercial Vehicle Group in the 3rd quarter valued at $100,000. Strs Ohio raised its position in Commercial Vehicle Group by 18.2% during the 3rd quarter. Strs Ohio now owns 67,400 shares of the company’s stock worth $523,000 after buying an additional 10,400 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Commercial Vehicle Group in the 3rd quarter worth $34,000. 72.32% of the stock is owned by hedge funds and other institutional investors.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.