Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Given Average Recommendation of “Buy” by Analysts

Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) have earned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.00.

A number of research analysts have issued reports on CVGI shares. ValuEngine lowered shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Monday, December 7th. Barrington Research upped their price target on shares of Commercial Vehicle Group from $5.50 to $8.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 10th. Zacks Investment Research lowered shares of Commercial Vehicle Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, BidaskClub lowered shares of Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 18th.

Several large investors have recently modified their holdings of CVGI. Royce & Associates LP grew its holdings in Commercial Vehicle Group by 23.3% during the third quarter. Royce & Associates LP now owns 1,140,066 shares of the company’s stock worth $7,445,000 after purchasing an additional 215,206 shares during the period. Jane Street Group LLC bought a new stake in Commercial Vehicle Group in the 2nd quarter worth about $343,000. Squarepoint Ops LLC bought a new stake in Commercial Vehicle Group in the 3rd quarter worth about $592,000. Bridgeway Capital Management Inc. grew its position in Commercial Vehicle Group by 24.1% in the 2nd quarter. Bridgeway Capital Management Inc. now owns 419,300 shares of the company’s stock worth $1,212,000 after purchasing an additional 81,400 shares in the last quarter. Finally, Ironwood Investment Management LLC grew its position in Commercial Vehicle Group by 13.6% in the 2nd quarter. Ironwood Investment Management LLC now owns 527,848 shares of the company’s stock worth $1,525,000 after purchasing an additional 63,000 shares in the last quarter. 51.93% of the stock is owned by institutional investors.

Commercial Vehicle Group stock traded down $0.32 during midday trading on Friday, reaching $8.57. 22,185 shares of the stock traded hands, compared to its average volume of 390,311. The company has a current ratio of 2.03, a quick ratio of 1.42 and a debt-to-equity ratio of 1.55. The firm has a fifty day moving average price of $8.50 and a two-hundred day moving average price of $5.68. The firm has a market cap of $277.88 million, a price-to-earnings ratio of -6.42, a PEG ratio of 1.16 and a beta of 3.40. Commercial Vehicle Group has a fifty-two week low of $1.24 and a fifty-two week high of $9.86.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Saturday, November 14th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.28. The firm had revenue of $187.70 million during the quarter, compared to analyst estimates of $164.97 million. Commercial Vehicle Group had a negative net margin of 5.85% and a negative return on equity of 7.44%. Analysts anticipate that Commercial Vehicle Group will post 0.04 earnings per share for the current year.

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 in two segments, Electrical Systems and Global Seating. The Electrical Systems segment offers electrical wire harness assemblies that function as current carrying devices in providing 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.

Read More: Monthly Dividend Stocks

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.