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

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

Separately, Barrington Research reiterated a “buy” rating and set a $14.00 target price on shares of Commercial Vehicle Group in a research report on Friday, May 6th.

Shares of NASDAQ:CVGI opened at $5.50 on Friday. The stock has a 50 day moving average of $6.85 and a 200 day moving average of $7.64. The company has a market cap of $181.20 million, a PE ratio of 9.32, a price-to-earnings-growth 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 current ratio of 2.32, a quick ratio of 1.46 and a debt-to-equity ratio of 1.59.

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

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in shares of Commercial Vehicle Group by 72.8% during the second quarter. Bank of America Corp DE now owns 5,700 shares of the company’s stock valued at $60,000 after buying an additional 2,401 shares during the period. Metropolitan Life Insurance Co NY acquired a new stake in Commercial Vehicle Group in the first quarter worth about $67,000. Advisor Group Holdings Inc. acquired a new stake in Commercial Vehicle Group in the first quarter worth about $67,000. BNP Paribas Arbitrage SA boosted its holdings in Commercial Vehicle Group by 506.9% in the third quarter. BNP Paribas Arbitrage SA now owns 8,096 shares of the company’s stock worth $77,000 after acquiring an additional 6,762 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in Commercial Vehicle Group by 376.5% in the third quarter. Citigroup Inc. now owns 8,524 shares of the company’s stock worth $81,000 after acquiring an additional 6,735 shares in the last quarter. Institutional investors and hedge funds own 59.49% of the company’s stock.

Commercial Vehicle Group Company Profile (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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