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

Commercial Vehicle Group (NASDAQ:CVGI) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

A number of other research firms have also weighed in on CVGI. Noble Financial restated an “outperform” rating on shares of Commercial Vehicle Group in a research report on Thursday, May 7th. Barrington Research reiterated an “outperform” rating and set a $6.00 price target on shares of Commercial Vehicle Group in a report on Monday, May 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Commercial Vehicle Group in a research note 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’s stock. According to MarketBeat, the company currently has a consensus 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 stock has a market cap of $168.72 million, a P/E ratio of -8.88 and a beta of 1.43. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.69. The stock’s 50-day moving average is $4.91 and its 200-day moving average is $3.57. Commercial Vehicle Group has a 1-year low of $1.29 and a 1-year high of $5.88.

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

Institutional Trading of Commercial Vehicle Group

Institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP increased its position in Commercial Vehicle Group by 87.1% during the 2nd 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 in the 4th quarter worth approximately $33,000. NewEdge Advisors LLC bought a new stake in shares of Commercial Vehicle Group in the 1st quarter valued at $44,000. Qube Research & Technologies Ltd bought a new stake in shares of Commercial Vehicle Group in the 2nd quarter valued at $78,000. Finally, Bank of America Corp DE increased its position in shares of Commercial Vehicle Group by 46.1% during the fourth quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after buying an additional 10,242 shares during the period. 72.32% of the stock is currently owned by institutional investors.

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.