Commercial Vehicle Group (CVGI) Raised to “Sell” at BidaskClub

Commercial Vehicle Group (NASDAQ:CVGI) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Wednesday.

Several other brokerages have also recently commented on CVGI. Zacks Investment Research raised shares of Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, January 17th. ValuEngine cut shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, TheStreet cut shares of Commercial Vehicle Group from a “c” rating to a “d+” rating in a research report on Friday, April 6th.

Shares of NASDAQ CVGI opened at $8.41 on Wednesday. The firm has a market capitalization of $260.41 million, a P/E ratio of 12.35 and a beta of 1.54. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.43 and a quick ratio of 1.64. Commercial Vehicle Group has a 1-year low of $8.32 and a 1-year high of $8.65.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its earnings results on Thursday, May 3rd. The company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.11. The firm had revenue of $215.73 million during the quarter, compared to analyst estimates of $217.30 million. Commercial Vehicle Group had a net margin of 0.94% and a return on equity of 26.82%. sell-side analysts expect that Commercial Vehicle Group will post 1.32 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Allianz Asset Management GmbH bought a new stake in Commercial Vehicle Group during the 4th quarter worth about $109,000. MetLife Investment Advisors LLC bought a new stake in shares of Commercial Vehicle Group in the 4th quarter valued at about $135,000. Citadel Advisors LLC bought a new stake in shares of Commercial Vehicle Group in the 1st quarter valued at about $114,000. Citigroup Inc. raised its holdings in shares of Commercial Vehicle Group by 389.9% in the 1st quarter. Citigroup Inc. now owns 14,962 shares of the company’s stock valued at $116,000 after purchasing an additional 11,908 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Commercial Vehicle Group by 54.7% in the 3rd quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after purchasing an additional 5,412 shares during the period. 76.49% 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.

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.



Leave a Reply