Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.55 and traded as high as $4.75. Commercial Vehicle Group shares last traded at $4.62, with a volume of 291,079 shares trading hands.
Analysts Set New Price Targets
CVGI has been the topic of a number of research reports. Barrington Research reiterated an “outperform” rating and set a $6.00 target price on shares of Commercial Vehicle Group in a report on Monday, May 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Commercial Vehicle Group in a research report on Tuesday, June 9th. Noble Financial restated an “outperform” rating on shares of Commercial Vehicle Group in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Commercial Vehicle Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Commercial Vehicle Group currently has an average rating of “Hold” and a consensus target price of $6.00.
View Our Latest Report on CVGI
Commercial Vehicle Group Stock Down 0.6%
Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.04. Commercial Vehicle Group had a negative return on equity of 12.47% and a negative net margin of 2.70%.The company had revenue of $171.50 million for the quarter, compared to the consensus estimate of $159.97 million. On average, equities research analysts forecast that Commercial Vehicle Group, Inc. will post -0.09 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC acquired a new position in Commercial Vehicle Group during the first quarter worth about $44,000. 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 acquiring an additional 9,364 shares during the last quarter. Virtu Financial LLC acquired a new position in Commercial Vehicle Group in the 4th quarter valued at $33,000. Bank of America Corp DE increased its stake in Commercial Vehicle Group by 46.1% in the fourth quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock valued at $81,000 after purchasing an additional 10,242 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Commercial Vehicle Group in the 2nd quarter worth about $78,000. 72.32% of the stock is currently owned by institutional investors and hedge funds.
About Commercial Vehicle Group
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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