Zacks: Commercial Vehicle Group, Inc. (CVGI) Given Consensus Recommendation of “Strong Buy” by Brokerages

Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokers have set a 1-year consensus target price of $11.00 for the company and are expecting that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also given Commercial Vehicle Group an industry rank of 220 out of 255 based on the ratings given to its competitors.

Several research firms recently commented on CVGI. Zacks Investment Research upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Friday. ValuEngine upgraded Commercial Vehicle Group from a “strong sell” rating to a “sell” rating in a research report on Monday, June 11th. TheStreet cut Commercial Vehicle Group from a “c” rating to a “d+” rating in a research report on Friday, April 6th. Finally, BidaskClub upgraded Commercial Vehicle Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 16th.



A number of institutional investors have recently bought and sold shares of CVGI. Millennium Management LLC grew its position in Commercial Vehicle Group by 549.8% during the fourth quarter. Millennium Management LLC now owns 685,955 shares of the company’s stock worth $7,333,000 after buying an additional 580,385 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Commercial Vehicle Group by 2,524.1% in the 1st quarter. Allianz Asset Management GmbH now owns 266,742 shares of the company’s stock worth $2,067,000 after purchasing an additional 256,577 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Commercial Vehicle Group by 12.0% in the 4th quarter. Renaissance Technologies LLC now owns 2,040,873 shares of the company’s stock worth $21,817,000 after purchasing an additional 218,773 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Commercial Vehicle Group by 1,326.9% in the 4th quarter. Wells Fargo & Company MN now owns 218,483 shares of the company’s stock worth $2,336,000 after purchasing an additional 203,171 shares in the last quarter. Finally, Alambic Investment Management L.P. boosted its holdings in shares of Commercial Vehicle Group by 43.2% in the 1st quarter. Alambic Investment Management L.P. now owns 616,068 shares of the company’s stock worth $4,775,000 after purchasing an additional 185,926 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Shares of NASDAQ:CVGI traded down $0.31 during midday trading on Friday, reaching $7.09. 127,000 shares of the company traded hands, compared to its average volume of 311,813. Commercial Vehicle Group has a 12 month low of $5.55 and a 12 month high of $13.90. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.64 and a current ratio of 2.43. The firm has a market cap of $222.59 million, a price-to-earnings ratio of 16.11 and a beta of 1.55.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Thursday, May 3rd. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.11. Commercial Vehicle Group had a return on equity of 26.82% and a net margin of 0.94%. The business had revenue of $215.73 million during the quarter, compared to analysts’ expectations of $217.30 million. equities analysts predict that Commercial Vehicle Group will post 1.32 EPS for the current fiscal year.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, the Global Truck and Bus, and the Global Construction and Agriculture.

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