Commercial Vehicle Group (NASDAQ:CVGI) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Commercial Vehicle Group (NASDAQ:CVGIFree Report) from a buy rating to a hold rating in a research report report published on Monday morning.

Other equities analysts have also issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Commercial Vehicle Group in a research report on Tuesday, June 9th. Barrington Research reaffirmed an “outperform” rating and set a $6.00 price objective on shares of Commercial Vehicle Group in a research report on Monday, May 4th. Finally, Noble Financial reiterated an “outperform” rating on shares of Commercial Vehicle Group in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Commercial Vehicle Group has an average rating of “Hold” and a consensus target price of $6.00.

View Our Latest Stock Report on CVGI

Commercial Vehicle Group Stock Down 5.1%

CVGI stock opened at $3.15 on Monday. The company has a market cap of $127.98 million, a price-to-earnings ratio of -4.70 and a beta of 1.45. The company has a fifty day moving average price of $4.61 and a 200 day moving average price of $3.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 1.16. Commercial Vehicle Group has a 12 month low of $1.29 and a 12 month high of $5.88.

Commercial Vehicle Group (NASDAQ:CVGIGet Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). Commercial Vehicle Group had a negative net margin of 3.42% and a negative return on equity of 13.91%. The business had revenue of $195.24 million during the quarter, compared to analyst estimates of $171.58 million. Sell-side analysts expect that Commercial Vehicle Group will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On Commercial Vehicle Group

Hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP boosted its position in Commercial Vehicle Group by 87.1% during the second quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock worth $33,000 after purchasing an additional 9,364 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Commercial Vehicle Group in the fourth quarter valued at $33,000. NewEdge Advisors LLC acquired a new position in shares of Commercial Vehicle Group during the 1st quarter worth $44,000. Callan Family Office LLC purchased a new stake in shares of Commercial Vehicle Group in the 2nd quarter worth about $57,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Commercial Vehicle Group in the 2nd quarter worth about $78,000. 72.32% of the stock is owned by hedge funds and other institutional investors.

About Commercial Vehicle Group

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Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI’s offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.

The company’s product portfolio is organized around three core segments: Seating, Controls and Interiors.

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