Commercial Vehicle Group (CVGI) Rating Increased to Sell at BidaskClub

Share on StockTwits

Commercial Vehicle Group (NASDAQ:CVGI) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other analysts also recently commented on the company. Zacks Investment Research upgraded Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $10.00 target price on the stock in a research note on Friday. ValuEngine upgraded Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, TheStreet upgraded Commercial Vehicle Group from a “d+” rating to a “c” rating in a research note on Thursday, May 31st.

Commercial Vehicle Group opened at $9.04 on Friday, MarketBeat.com reports. The company has a current ratio of 2.43, a quick ratio of 1.64 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $281.97 million, a P/E ratio of 20.55 and a beta of 1.59. Commercial Vehicle Group has a twelve month low of $5.55 and a twelve month high of $13.90.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its earnings results on Thursday, August 9th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.34 by $0.09. Commercial Vehicle Group had a return on equity of 38.01% and a net margin of 2.46%. The business had revenue of $233.39 million for the quarter, compared to the consensus estimate of $232.60 million. analysts expect that Commercial Vehicle Group will post 1.4 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. United Services Automobile Association boosted its stake in Commercial Vehicle Group by 65.0% during the 2nd quarter. United Services Automobile Association now owns 119,294 shares of the company’s stock valued at $876,000 after purchasing an additional 47,000 shares during the last quarter. Citadel Advisors LLC boosted its stake in Commercial Vehicle Group by 353.2% during the 2nd quarter. Citadel Advisors LLC now owns 66,574 shares of the company’s stock valued at $489,000 after purchasing an additional 51,884 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Commercial Vehicle Group by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,722,814 shares of the company’s stock valued at $12,645,000 after purchasing an additional 67,491 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in Commercial Vehicle Group by 33.6% during the 2nd quarter. Chicago Equity Partners LLC now owns 263,755 shares of the company’s stock valued at $1,936,000 after purchasing an additional 66,260 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Commercial Vehicle Group by 25.0% during the 2nd quarter. BlackRock Inc. now owns 1,701,349 shares of the company’s stock valued at $12,487,000 after purchasing an additional 340,003 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.

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.

See Also: Short Selling

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.

Leave a Reply