Commercial Vehicle Group, Inc. (NASDAQ:CVGI) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price objective of $13.00 for the company and are expecting that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Commercial Vehicle Group an industry rank of 100 out of 265 based on the ratings given to its competitors.
Several analysts have weighed in on CVGI shares. BidaskClub lowered Commercial Vehicle Group from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, January 17th. Finally, ValuEngine lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Several institutional investors and hedge funds have recently modified their holdings of CVGI. Wells Fargo & Company MN raised its stake in Commercial Vehicle Group by 54.7% during the 3rd quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after acquiring an additional 5,412 shares in the last quarter. Cadence Capital Management LLC raised its stake in shares of Commercial Vehicle Group by 5.1% in the 3rd quarter. Cadence Capital Management LLC now owns 165,525 shares of the company’s stock worth $1,217,000 after buying an additional 8,075 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Commercial Vehicle Group in the 4th quarter worth $109,000. California Public Employees Retirement System raised its stake in shares of Commercial Vehicle Group by 7.5% in the 2nd quarter. California Public Employees Retirement System now owns 164,800 shares of the company’s stock worth $1,393,000 after buying an additional 11,500 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Commercial Vehicle Group in the 4th quarter worth $135,000. Institutional investors own 77.44% of the company’s stock.
Commercial Vehicle Group (NASDAQ:CVGI) traded up $0.41 during trading on Monday, hitting $10.77. The stock had a trading volume of 194,100 shares, compared to its average volume of 309,354. Commercial Vehicle Group has a twelve month low of $5.35 and a twelve month high of $13.90. 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 stock has a market capitalization of $317.62, a PE ratio of 56.69 and a beta of 1.16.
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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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