Commercial Vehicle Group, Inc. (CVGI) Given Average Recommendation of “Strong Buy” by Analysts

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

Analysts have set a 1 year consensus price target of $13.00 for the company and are expecting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also given Commercial Vehicle Group an industry rank of 104 out of 265 based on the ratings given to its competitors.

A number of brokerages have recently issued reports on CVGI. Zacks Investment Research upgraded Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, January 2nd. BidaskClub cut Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, ValuEngine cut Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp raised its stake in Commercial Vehicle Group by 313.7% in the 2nd quarter. Northern Trust Corp now owns 305,218 shares of the company’s stock valued at $2,579,000 after acquiring an additional 231,445 shares during the period. OxFORD Asset Management LLP raised its stake in Commercial Vehicle Group by 14.5% in the 2nd quarter. OxFORD Asset Management LLP now owns 280,551 shares of the company’s stock valued at $2,371,000 after acquiring an additional 35,464 shares during the period. Teachers Advisors LLC bought a new stake in Commercial Vehicle Group in the 2nd quarter valued at $378,000. California State Teachers Retirement System bought a new stake in Commercial Vehicle Group in the 2nd quarter valued at $377,000. Finally, Ironwood Investment Management LLC grew its holdings in Commercial Vehicle Group by 9.6% in the 3rd quarter. Ironwood Investment Management LLC now owns 285,190 shares of the company’s stock valued at $2,096,000 after buying an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 76.45% of the company’s stock.

Shares of Commercial Vehicle Group (NASDAQ:CVGI) traded down $0.02 during trading on Friday, hitting $12.90. The stock had a trading volume of 492,000 shares, compared to its average volume of 277,338. Commercial Vehicle Group has a one year low of $5.17 and a one year high of $13.66. The company has a market cap of $425.44, a PE ratio of 64.50 and a beta of 1.00. The company has a current ratio of 2.09, a quick ratio of 1.44 and a debt-to-equity ratio of 2.10.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. Commercial Vehicle Group had a return on equity of 14.58% and a net margin of 0.82%. The company had revenue of $198.30 million for the quarter, compared to analysts’ expectations of $173.90 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue was up 29.1% compared to the same quarter last year. analysts forecast that Commercial Vehicle Group will post 0.46 earnings per share for the current fiscal year.

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About Commercial Vehicle Group

Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.

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