Shares of Commercial Vehicle Group (NASDAQ:CVGI) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price target of $13.00 for the company and are predicting that the company will post $0.21 EPS for the current quarter, according to Zacks. Zacks has also given Commercial Vehicle Group an industry rank of 104 out of 265 based on the ratings given to its competitors.
Several equities research analysts recently issued reports on the company. TheStreet lowered Commercial Vehicle Group from a “c” rating to a “d+” rating in a research note on Friday, April 6th. BidaskClub lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. ValuEngine lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Monday, March 19th. Finally, Zacks Investment Research upgraded Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a report on Tuesday, January 2nd.
Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings results on Monday, March 12th. The company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). Commercial Vehicle Group had a positive return on equity of 18.39% and a negative net margin of 0.23%. The business had revenue of $188.30 million for the quarter, compared to the consensus estimate of $191.10 million. During the same quarter last year, the business posted $0.02 earnings per share. The business’s revenue was up 25.5% compared to the same quarter last year. equities analysts forecast that Commercial Vehicle Group will post 1.18 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. purchased a new stake in Commercial Vehicle Group in the 4th quarter worth $243,000. Two Sigma Investments LP lifted its stake in Commercial Vehicle Group by 1,165.3% in the fourth quarter. Two Sigma Investments LP now owns 179,997 shares of the company’s stock worth $1,924,000 after purchasing an additional 165,771 shares during the last quarter. Cortina Asset Management LLC raised its stake in shares of Commercial Vehicle Group by 7.9% during the fourth quarter. Cortina Asset Management LLC now owns 577,857 shares of the company’s stock valued at $6,177,000 after acquiring an additional 42,252 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Commercial Vehicle Group by 12.0% during the fourth quarter. Renaissance Technologies LLC now owns 2,040,873 shares of the company’s stock valued at $21,817,000 after acquiring an additional 218,773 shares in the last quarter. Finally, Nationwide Fund Advisors increased its holdings in Commercial Vehicle Group by 223.9% during the third quarter. Nationwide Fund Advisors now owns 63,467 shares of the company’s stock valued at $466,000 after buying an additional 43,873 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.
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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 through two segments, the Global Truck and Bus, and the Global Construction and Agriculture.
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