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

Wall Street Zen downgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) from a buy rating to a hold rating in a report issued on Monday.

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

Commercial Vehicle Group Stock Down 8.8%

CVGI opened at $3.31 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $134.49 million, a PE ratio of -4.94 and a beta of 1.45. Commercial Vehicle Group has a 52 week low of $1.29 and a 52 week high of $5.88. The firm has a 50-day simple moving average of $4.70 and a two-hundred day simple moving average of $3.75.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its earnings results on Monday, August 3rd. The company reported ($0.13) earnings per share (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 for the quarter, compared to analysts’ expectations of $171.58 million. Analysts forecast that Commercial Vehicle Group will post -0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Commercial Vehicle Group

Institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP grew 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 purchasing an additional 9,364 shares during the period. Virtu Financial LLC acquired a new position in shares of Commercial Vehicle Group during the 4th quarter valued at about $33,000. NewEdge Advisors LLC acquired a new position in Commercial Vehicle Group in the 1st quarter valued at about $44,000. Qube Research & Technologies Ltd purchased a new position in Commercial Vehicle Group in the second quarter worth approximately $78,000. Finally, Bank of America Corp DE grew its holdings 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. Institutional investors and hedge funds 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.