Commercial Vehicle Group (NASDAQ:CVGI) Upgraded to “Buy” at Wall Street Zen

Commercial Vehicle Group (NASDAQ:CVGI) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Commercial Vehicle Group in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Commercial Vehicle Group presently has an average rating of “Reduce”.

Commercial Vehicle Group Trading Up 0.6%

Shares of CVGI stock opened at $3.59 on Friday. The stock’s fifty day moving average price is $1.89 and its two-hundred day moving average price is $1.72. The company has a market cap of $131.54 million, a PE ratio of -5.36 and a beta of 1.89. Commercial Vehicle Group has a fifty-two week low of $0.81 and a fifty-two week high of $3.64. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 2.43.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings results on Tuesday, March 10th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). Commercial Vehicle Group had a negative return on equity of 11.74% and a negative net margin of 3.51%.The business had revenue of $154.76 million for the quarter, compared to analyst estimates of $147.05 million. Equities analysts predict that Commercial Vehicle Group will post 0.11 EPS for the current fiscal year.

Institutional Trading of Commercial Vehicle Group

Large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in shares of Commercial Vehicle Group by 46.1% in the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock valued at $81,000 after purchasing an additional 10,242 shares during the period. Jane Street Group LLC increased its holdings in Commercial Vehicle Group by 259.3% in the first quarter. Jane Street Group LLC now owns 74,086 shares of the company’s stock worth $85,000 after purchasing an additional 53,468 shares in the last quarter. XTX Topco Ltd acquired a new position in Commercial Vehicle Group in the second quarter valued at approximately $174,000. Arrowstreet Capital Limited Partnership acquired a new position in Commercial Vehicle Group in the second quarter valued at approximately $84,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Commercial Vehicle Group during the 2nd quarter worth approximately $78,000. 72.32% of the stock is currently owned by institutional investors and hedge funds.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI’s offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.

The company’s product portfolio is organized around three core segments: Seating, Controls and Interiors.