Commercial Vehicle Group (NASDAQ:CVGI) Stock Rating Upgraded by Wall Street Zen

Commercial Vehicle Group (NASDAQ:CVGI) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Commercial Vehicle Group in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Commercial Vehicle Group Price Performance

Shares of NASDAQ CVGI opened at $3.67 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $1.92 and a two-hundred day simple moving average of $1.74. Commercial Vehicle Group has a 1-year low of $0.81 and a 1-year high of $3.73. The firm has a market cap of $134.47 million, a price-to-earnings ratio of -5.48 and a beta of 1.89.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its earnings results on Tuesday, March 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The firm had revenue of $154.76 million during the quarter, compared to the consensus estimate of $147.05 million. Commercial Vehicle Group had a negative net margin of 3.51% and a negative return on equity of 11.74%. Analysts anticipate that Commercial Vehicle Group will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On Commercial Vehicle Group

A number of large investors have recently made changes to their positions in CVGI. 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 in the last quarter. Peapod Lane Capital LLC boosted its stake in Commercial Vehicle Group by 1.1% in the 3rd quarter. Peapod Lane Capital LLC now owns 922,245 shares of the company’s stock worth $1,568,000 after purchasing an additional 10,195 shares during the period. Bank of America Corp DE boosted its stake in Commercial Vehicle Group by 46.1% in 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 grew its holdings in Commercial Vehicle Group by 14.8% during the 4th quarter. Jane Street Group LLC now owns 90,989 shares of the company’s stock valued at $131,000 after buying an additional 11,742 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in Commercial Vehicle Group by 2.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 595,818 shares of the company’s stock valued at $858,000 after buying an additional 14,818 shares in the last quarter. 72.32% of the stock is owned by institutional investors.

Commercial Vehicle Group Company Profile

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.