Commercial Vehicle Group (NASDAQ:CVGI) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) from a buy rating to a strong-buy rating in a report released on Saturday.

Several other equities research analysts also recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Commercial Vehicle Group in a report on Tuesday, June 9th. Noble Financial restated an “outperform” rating on shares of Commercial Vehicle Group in a research report on Thursday, May 7th. Finally, Barrington Research restated an “outperform” rating and issued a $6.00 target price on shares of Commercial Vehicle Group in a research note on Monday, May 4th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.00.

Commercial Vehicle Group Stock Performance

NASDAQ CVGI opened at $4.62 on Friday. The firm has a market cap of $168.72 million, a P/E ratio of -8.88 and a beta of 1.43. Commercial Vehicle Group has a 52-week low of $1.29 and a 52-week high of $5.88. The business’s 50-day moving average price is $4.91 and its 200 day moving average price is $3.55. The company has a quick ratio of 1.20, a current ratio of 2.13 and a debt-to-equity ratio of 0.69.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.04. Commercial Vehicle Group had a negative return on equity of 12.47% and a negative net margin of 2.70%.The company had revenue of $171.50 million during the quarter, compared to analysts’ expectations of $159.97 million. On average, equities research analysts expect that Commercial Vehicle Group will post -0.09 earnings per share for the current year.

Institutional Trading of Commercial Vehicle Group

A number of institutional investors have recently added to or reduced their stakes in CVGI. Engineers Gate Manager LP raised its position in shares of Commercial Vehicle Group by 87.1% in the second quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock valued at $33,000 after buying an additional 9,364 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Commercial Vehicle Group by 46.1% during the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after purchasing an additional 10,242 shares during the period. Jane Street Group LLC lifted its stake in shares of Commercial Vehicle Group by 14.8% during the 4th quarter. Jane Street Group LLC now owns 90,989 shares of the company’s stock worth $131,000 after purchasing an additional 11,742 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Commercial Vehicle Group during the first quarter worth $44,000. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Commercial Vehicle Group by 2.6% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 72.32% of the company’s stock.

About Commercial Vehicle Group

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.