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

by · The Cerbat Gem

Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Monday.

CVGI has been the subject of a number of other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Commercial Vehicle Group in a report on Tuesday, June 9th. Barrington Research restated an “outperform” rating and set a $6.00 price objective on shares of Commercial Vehicle Group in a research note on Monday, May 4th. Finally, Noble Financial restated 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 issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.00.

Read Our Latest Analysis on CVGI

Commercial Vehicle Group Stock Up 0.3%

CVGI opened at $3.32 on Monday. Commercial Vehicle Group has a fifty-two week low of $1.29 and a fifty-two week high of $5.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.98. The company has a market capitalization of $134.89 million, a P/E ratio of -4.96 and a beta of 1.45. The stock has a fifty day moving average of $4.66 and a 200-day moving average of $3.76.

Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.13) EPS for the quarter, missing the consensus estimate 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. On average, equities analysts expect that Commercial Vehicle Group will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new stake in Commercial Vehicle Group in the first quarter valued at about $851,000. Granite Investment Partners LLC acquired a new stake in shares of Commercial Vehicle Group in the 1st quarter valued at approximately $287,000. Laurel Oak Wealth Management LLC bought a new stake in shares of Commercial Vehicle Group during the 1st quarter valued at approximately $375,000. Huber Capital Management LLC grew its holdings in shares of Commercial Vehicle Group by 7.9% during the 4th quarter. Huber Capital Management LLC now owns 1,061,664 shares of the company’s stock valued at $1,529,000 after purchasing an additional 77,600 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in Commercial Vehicle Group by 2.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 595,818 shares of the company’s stock worth $858,000 after purchasing an additional 14,818 shares in the last quarter. 72.32% of the stock is currently owned by institutional investors and hedge funds.

Commercial Vehicle Group Company Profile

(Get Free Report)

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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