Barrington Research Reaffirms Outperform Rating for Commercial Vehicle Group (NASDAQ:CVGI)

Barrington Research reaffirmed their outperform rating on shares of Commercial Vehicle Group (NASDAQ:CVGI) in a research report report published on Monday morning, Benzinga reports. Barrington Research currently has a $10.00 price objective on the stock.

Other analysts also recently issued reports about the company. StockNews.com downgraded Commercial Vehicle Group from a strong-buy rating to a buy rating in a report on Thursday, March 14th. TheStreet raised shares of Commercial Vehicle Group from a d+ rating to a c rating in a research report on Monday, March 4th.

Commercial Vehicle Group Stock Performance

Shares of CVGI opened at $5.60 on Monday. The firm has a market capitalization of $189.76 million, a price-to-earnings ratio of 4.27, a PEG ratio of 0.33 and a beta of 2.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.26 and a quick ratio of 1.38. Commercial Vehicle Group has a 1-year low of $4.89 and a 1-year high of $11.96. The company has a 50-day moving average of $6.24 and a 200 day moving average of $6.46.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.06). The company had revenue of $223.09 million for the quarter, compared to the consensus estimate of $225.22 million. Commercial Vehicle Group had a net margin of 4.97% and a return on equity of 20.22%. During the same period in the prior year, the firm posted $0.04 EPS. On average, research analysts expect that Commercial Vehicle Group will post 0.83 EPS for the current year.

Institutional Trading of Commercial Vehicle Group

Several hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Commercial Vehicle Group during the 3rd quarter worth approximately $34,000. Tower Research Capital LLC TRC lifted its holdings in shares of Commercial Vehicle Group by 256.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,006 shares of the company’s stock valued at $56,000 after purchasing an additional 5,763 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Commercial Vehicle Group in the 3rd quarter worth $92,000. WINTON GROUP Ltd acquired a new stake in shares of Commercial Vehicle Group in the 3rd quarter worth $98,000. Finally, Mackenzie Financial Corp purchased a new position in Commercial Vehicle Group during the 3rd quarter worth $100,000. 72.32% of the stock is owned by hedge funds and other institutional investors.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.