Commercial Vehicle Group (NASDAQ:CVGI) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.
CVGI has been the subject of several other research reports. Barrington Research restated a “buy” rating and set a $8.50 target price on shares of Commercial Vehicle Group in a research report on Friday, November 22nd. Zacks Investment Research upgraded Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Dougherty & Co assumed coverage on Commercial Vehicle Group in a research report on Tuesday, August 27th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $8.75.
CVGI opened at $7.05 on Tuesday. The firm has a market cap of $223.76 million, a P/E ratio of 4.83, a P/E/G ratio of 0.64 and a beta of 2.73. Commercial Vehicle Group has a 12 month low of $5.35 and a 12 month high of $9.77. The company has a current ratio of 2.25, a quick ratio of 1.58 and a debt-to-equity ratio of 1.25. The stock has a 50-day moving average of $7.33 and a 200 day moving average of $7.21.
Several large investors have recently made changes to their positions in CVGI. Tower Research Capital LLC TRC purchased a new position in shares of Commercial Vehicle Group during the third quarter valued at approximately $37,000. Metropolitan Life Insurance Co NY purchased a new position in shares of Commercial Vehicle Group during the first quarter valued at approximately $67,000. Russell Investments Group Ltd. boosted its position in shares of Commercial Vehicle Group by 88.2% during the second quarter. Russell Investments Group Ltd. now owns 9,496 shares of the company’s stock valued at $76,000 after buying an additional 4,450 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Commercial Vehicle Group by 157.6% during the second quarter. Meeder Asset Management Inc. now owns 16,800 shares of the company’s stock valued at $134,000 after buying an additional 10,279 shares during the period. Finally, Strs Ohio boosted its position in shares of Commercial Vehicle Group by 5,966.7% during the second quarter. Strs Ohio now owns 18,200 shares of the company’s stock valued at $145,000 after buying an additional 17,900 shares during the period. Institutional investors and hedge funds own 77.10% of the company’s stock.
Commercial Vehicle Group Company Profile
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.
Further Reading: Buy Rating
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