Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Receives $8.75 Consensus PT from Analysts

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) has earned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $8.75.

Several equities analysts have recently weighed in on CVGI shares. ValuEngine cut Commercial Vehicle Group from a “sell” rating to a “strong sell” rating in a report on Friday, October 25th. BidaskClub upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Friday, July 26th. Barrington Research restated a “buy” rating and issued a $8.50 price objective on shares of Commercial Vehicle Group in a report on Monday, October 21st. Dougherty & Co started coverage on Commercial Vehicle Group in a report on Tuesday, August 27th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research cut Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Wednesday.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zebra Capital Management LLC grew its holdings in Commercial Vehicle Group by 9.6% during the second quarter. Zebra Capital Management LLC now owns 19,037 shares of the company’s stock worth $153,000 after purchasing an additional 1,664 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Commercial Vehicle Group by 6.9% during the second quarter. Parametric Portfolio Associates LLC now owns 48,936 shares of the company’s stock worth $392,000 after purchasing an additional 3,150 shares during the period. Rhumbline Advisers grew its holdings in Commercial Vehicle Group by 9.0% during the third quarter. Rhumbline Advisers now owns 47,849 shares of the company’s stock worth $345,000 after purchasing an additional 3,959 shares during the period. Russell Investments Group Ltd. grew its holdings in Commercial Vehicle Group by 88.2% during the second quarter. Russell Investments Group Ltd. now owns 9,496 shares of the company’s stock worth $76,000 after purchasing an additional 4,450 shares during the period. Finally, Tower Research Capital LLC TRC bought a new position in Commercial Vehicle Group during the third quarter worth about $37,000. Institutional investors own 81.96% of the company’s stock.

Shares of NASDAQ CVGI traded down $0.07 during mid-day trading on Tuesday, hitting $6.92. The company had a trading volume of 169,400 shares, compared to its average volume of 249,250. The company has a market capitalization of $219.37 million, a PE ratio of 4.73, a price-to-earnings-growth ratio of 0.62 and a beta of 2.75. The firm has a 50-day simple moving average of $7.35 and a two-hundred day simple moving average of $7.34. The company has a current ratio of 2.25, a quick ratio of 1.58 and a debt-to-equity ratio of 1.25. Commercial Vehicle Group has a one year low of $5.35 and a one year high of $9.77.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). The company had revenue of $225.40 million during the quarter, compared to the consensus estimate of $226.20 million. Commercial Vehicle Group had a net margin of 3.82% and a return on equity of 27.58%. Sell-side analysts expect that Commercial Vehicle Group will post 1.12 earnings per share for the current fiscal year.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, Electrical Systems and Global Seating. The Electrical Systems segment electronic provides wire harness assemblies that function as current carrying devices used to provide electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial vehicles; and panel assemblies and cabinets.

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