Zacks: Analysts Set $12.00 Price Target for Commercial Vehicle Group, Inc. (CVGI)

Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus price objective of $12.00 for the company and are anticipating that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also given Commercial Vehicle Group an industry rank of 75 out of 265 based on the ratings given to its competitors.

CVGI has been the topic of several research reports. Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research report on Thursday, October 19th. ValuEngine raised Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th.

Shares of Commercial Vehicle Group (NASDAQ:CVGI) remained flat at $$10.97 during trading on Monday. The company’s stock had a trading volume of 81,500 shares, compared to its average volume of 252,683. Commercial Vehicle Group has a 1-year low of $5.15 and a 1-year high of $11.85. The company has a market cap of $338.20, a PE ratio of 54.85 and a beta of 1.00. The company has a current ratio of 2.09, a quick ratio of 1.44 and a debt-to-equity ratio of 2.10.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its earnings results on Monday, November 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.11. The business had revenue of $198.30 million for the quarter, compared to analyst estimates of $173.90 million. Commercial Vehicle Group had a return on equity of 14.58% and a net margin of 0.82%. The business’s quarterly revenue was up 29.1% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS. equities research analysts expect that Commercial Vehicle Group will post 0.32 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in CVGI. Wells Fargo & Company MN grew its stake in shares of Commercial Vehicle Group by 54.7% during the third quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after acquiring an additional 5,412 shares in the last quarter. Cadence Capital Management LLC grew its stake in Commercial Vehicle Group by 5.1% in the third quarter. Cadence Capital Management LLC now owns 165,525 shares of the company’s stock worth $1,217,000 after purchasing an additional 8,075 shares in the last quarter. Vanguard Group Inc. grew its stake in Commercial Vehicle Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,131,065 shares of the company’s stock worth $7,658,000 after purchasing an additional 9,295 shares in the last quarter. California Public Employees Retirement System grew its stake in Commercial Vehicle Group by 7.5% in the second quarter. California Public Employees Retirement System now owns 164,800 shares of the company’s stock worth $1,393,000 after purchasing an additional 11,500 shares in the last quarter. Finally, Federated Investors Inc. PA grew its stake in Commercial Vehicle Group by 16.1% in the second quarter. Federated Investors Inc. PA now owns 91,390 shares of the company’s stock worth $772,000 after purchasing an additional 12,703 shares in the last quarter. 76.44% of the stock is currently owned by institutional investors.

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Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.

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