Commercial Vehicle Group (CVGI) Rating Lowered to Hold at ValuEngine

Commercial Vehicle Group (NASDAQ:CVGI) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

Separately, Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research note on Thursday, October 19th.

Shares of Commercial Vehicle Group (NASDAQ:CVGI) traded down $0.16 during trading on Friday, reaching $10.98. The company had a trading volume of 328,487 shares, compared to its average volume of 276,239. The firm has a market cap of $336.62, a P/E ratio of 32.29 and a beta of 0.98. Commercial Vehicle Group has a twelve month low of $5.12 and a twelve month high of $11.85. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.09 and a quick ratio of 1.44.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.11. The business had revenue of $198.30 million for the quarter, compared to the consensus estimate of $173.90 million. Commercial Vehicle Group had a return on equity of 14.58% and a net margin of 0.82%. The firm’s revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. equities research analysts predict that Commercial Vehicle Group will post 0.32 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of CVGI. California Public Employees Retirement System raised its stake in Commercial Vehicle Group by 23.4% during the 1st quarter. California Public Employees Retirement System now owns 153,300 shares of the company’s stock worth $1,038,000 after buying an additional 29,100 shares during the period. Vanguard Group Inc. raised its stake in shares of Commercial Vehicle Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 1,131,065 shares of the company’s stock valued at $7,658,000 after purchasing an additional 9,295 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Commercial Vehicle Group by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,243,767 shares of the company’s stock valued at $8,420,000 after purchasing an additional 84,462 shares during the period. Morgan Stanley raised its stake in shares of Commercial Vehicle Group by 5.1% in the 1st quarter. Morgan Stanley now owns 329,923 shares of the company’s stock valued at $2,234,000 after purchasing an additional 16,145 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Commercial Vehicle Group by 50.6% in the 1st quarter. Bank of America Corp DE now owns 125,727 shares of the company’s stock valued at $851,000 after purchasing an additional 42,216 shares during the period. 76.65% of the stock is currently owned by institutional investors and hedge funds.

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About Commercial Vehicle Group

Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.

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