Commercial Vehicle Group (NASDAQ:CVGI) Upgraded to Sell at ValuEngine

Commercial Vehicle Group (NASDAQ:CVGI) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

Separately, BidaskClub raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Friday, July 26th.

Shares of CVGI stock opened at $7.93 on Thursday. The company has a quick ratio of 1.68, a current ratio of 2.38 and a debt-to-equity ratio of 1.36. The stock’s 50-day moving average price is $7.73. Commercial Vehicle Group has a 12 month low of $5.35 and a 12 month high of $10.28. The stock has a market capitalization of $246.31 million, a P/E ratio of 5.63 and a beta of 2.65.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its earnings results on Monday, May 6th. The company reported $0.36 EPS for the quarter. Commercial Vehicle Group had a net margin of 4.95% and a return on equity of 38.85%. The company had revenue of $243.16 million for the quarter.

Several institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP raised its stake in shares of Commercial Vehicle Group by 15.3% in the 1st quarter. Royce & Associates LP now owns 2,240,660 shares of the company’s stock valued at $17,186,000 after acquiring an additional 297,233 shares during the period. BlackRock Inc. raised its stake in shares of Commercial Vehicle Group by 0.3% in the 4th quarter. BlackRock Inc. now owns 1,914,761 shares of the company’s stock valued at $10,913,000 after acquiring an additional 5,740 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Commercial Vehicle Group by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,777,364 shares of the company’s stock valued at $10,131,000 after acquiring an additional 23,171 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Commercial Vehicle Group by 82.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 439,546 shares of the company’s stock valued at $3,371,000 after acquiring an additional 197,995 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Commercial Vehicle Group by 11.8% in the 4th quarter. Geode Capital Management LLC now owns 361,006 shares of the company’s stock valued at $2,057,000 after acquiring an additional 38,138 shares during the period. 81.12% of the stock is currently owned by institutional investors and hedge funds.

About Commercial Vehicle Group

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, Electrical Systems and Global Seating. The Electrical Systems segment electronic provides wire harness assemblies that function as current carrying devices used to provide electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial vehicles; and panel assemblies and cabinets.

Further Reading: Do stock splits help investors?

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

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