Commercial Vehicle Group (NASDAQ:CVGI) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Commercial Vehicle Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Commercial Vehicle Group Price Performance

Commercial Vehicle Group stock opened at $2.90 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.43 and a quick ratio of 1.36. The company has a market capitalization of $106.26 million, a PE ratio of -4.33 and a beta of 1.89. Commercial Vehicle Group has a one year low of $0.81 and a one year high of $2.94. The business has a 50 day simple moving average of $1.70 and a 200 day simple moving average of $1.66.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CVGI. Engineers Gate Manager LP increased its holdings in Commercial Vehicle Group by 87.1% during the 2nd quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock valued at $33,000 after purchasing an additional 9,364 shares in the last quarter. Peapod Lane Capital LLC boosted its stake in Commercial Vehicle Group by 1.1% in the third quarter. Peapod Lane Capital LLC now owns 922,245 shares of the company’s stock worth $1,568,000 after purchasing an additional 10,195 shares in the last quarter. Bank of America Corp DE boosted its stake in Commercial Vehicle Group by 46.1% in the fourth quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after purchasing an additional 10,242 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Commercial Vehicle Group by 14.8% during the fourth quarter. Jane Street Group LLC now owns 90,989 shares of the company’s stock worth $131,000 after purchasing an additional 11,742 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Commercial Vehicle Group by 2.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 595,818 shares of the company’s stock worth $858,000 after purchasing an additional 14,818 shares during the last quarter. 72.32% of the stock is 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.