ValuEngine Lowers Commercial Vehicle Group (NASDAQ:CVGI) to Hold

Commercial Vehicle Group (NASDAQ:CVGI) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday, December 1st.

Separately, Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a report on Thursday, October 19th.

Shares of Commercial Vehicle Group (CVGI) traded up $0.08 during midday trading on Friday, reaching $10.49. The company’s stock had a trading volume of 219,459 shares, compared to its average volume of 256,820. Commercial Vehicle Group has a 1 year low of $5.15 and a 1 year high of $11.85. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.09 and a quick ratio of 1.44. The firm has a market capitalization of $319.15, a price-to-earnings ratio of 30.62 and a beta of 1.00.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its earnings results on Monday, November 6th. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.11. The firm had revenue of $198.30 million for the quarter, compared to analyst estimates of $173.90 million. Commercial Vehicle Group had a return on equity of 14.58% and a net margin of 0.82%. The firm’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. equities research analysts predict that Commercial Vehicle Group will post 0.32 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in Commercial Vehicle Group by 54.7% during the third quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after buying an additional 5,412 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Commercial Vehicle Group in the 3rd quarter valued at $139,000. The Manufacturers Life Insurance Company boosted its position in shares of Commercial Vehicle Group by 10,810.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,020 shares of the company’s stock valued at $195,000 after purchasing an additional 22,809 shares during the period. Rhumbline Advisers acquired a new position in shares of Commercial Vehicle Group in the 2nd quarter valued at $225,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Commercial Vehicle Group in the 2nd quarter valued at $227,000. 76.44% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.dispatchtribunal.com/2017/12/11/commercial-vehicle-group-cvgi-downgraded-to-hold-at-valuengine.html.

Commercial Vehicle Group Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Commercial Vehicle Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Vehicle Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply