Commercial Vehicle Group (CVGI) Downgraded by ValuEngine to “Strong Sell”

Commercial Vehicle Group (NASDAQ:CVGI) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Friday.

A number of other analysts have also issued reports on the company. BidaskClub lowered Commercial Vehicle Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 12th. Zacks Investment Research lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd.

Shares of NASDAQ:CVGI opened at $7.14 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.69 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $221.73 million, a PE ratio of 6.93 and a beta of 1.74. Commercial Vehicle Group has a 1 year low of $6.58 and a 1 year high of $13.90.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.09. The firm had revenue of $233.39 million for the quarter, compared to analyst estimates of $232.60 million. Commercial Vehicle Group had a return on equity of 38.01% and a net margin of 2.46%.

Large investors have recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in shares of Commercial Vehicle Group in the first quarter worth approximately $114,000. Citigroup Inc. boosted its stake in Commercial Vehicle Group by 389.9% during the first quarter. Citigroup Inc. now owns 14,962 shares of the company’s stock worth $116,000 after buying an additional 11,908 shares during the last quarter. Guggenheim Capital LLC acquired a new position in Commercial Vehicle Group during the first quarter worth $136,000. A.R.T. Advisors LLC acquired a new position in Commercial Vehicle Group during the first quarter worth $142,000. Finally, Barclays PLC boosted its stake in Commercial Vehicle Group by 238.6% during the first quarter. Barclays PLC now owns 20,216 shares of the company’s stock worth $157,000 after buying an additional 14,246 shares during the last quarter. 78.02% of the stock is currently owned by hedge funds and other institutional investors.

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

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