Several other research analysts have also recently weighed in on the stock. Barrington Research restated a “buy” rating and set a $14.00 price target on shares of Commercial Vehicle Group in a report on Friday, May 6th. Zacks Investment Research lowered shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 18th.
CVGI traded up $0.16 during midday trading on Tuesday, hitting $7.07. The company had a trading volume of 212,052 shares, compared to its average volume of 165,916. The company has a market capitalization of $232.93 million, a price-to-earnings ratio of 11.98, a PEG ratio of 0.36 and a beta of 3.27. The stock’s 50 day moving average price is $7.14 and its 200 day moving average price is $7.78. Commercial Vehicle Group has a 52 week low of $6.00 and a 52 week high of $11.93. The company has a quick ratio of 1.46, a current ratio of 2.32 and a debt-to-equity ratio of 1.59.
Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Commercial Vehicle Group had a net margin of 1.98% and a return on equity of 22.91%. The firm had revenue of $244.37 million during the quarter, compared to analysts’ expectations of $228.97 million. Research analysts predict that Commercial Vehicle Group will post 0.93 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Forager Capital Management LLC purchased a new stake in shares of Commercial Vehicle Group in the 4th quarter valued at $8,726,000. Wellington Management Group LLP boosted its position in Commercial Vehicle Group by 53.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,105,819 shares of the company’s stock valued at $10,461,000 after buying an additional 384,900 shares during the period. Royce & Associates LP boosted its position in Commercial Vehicle Group by 24.2% during the 1st quarter. Royce & Associates LP now owns 1,515,273 shares of the company’s stock valued at $12,804,000 after buying an additional 295,290 shares during the period. Polar Asset Management Partners Inc. boosted its position in Commercial Vehicle Group by 16.2% during the 1st quarter. Polar Asset Management Partners Inc. now owns 1,763,132 shares of the company’s stock valued at $14,898,000 after buying an additional 245,838 shares during the period. Finally, Invesco Ltd. boosted its position in Commercial Vehicle Group by 167.4% during the 1st quarter. Invesco Ltd. now owns 264,352 shares of the company’s stock valued at $2,234,000 after buying an additional 165,476 shares during the period. 59.49% of the stock is currently owned by institutional investors.
About Commercial Vehicle Group (Get Rating)
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. It operates in four segments: Vehicle Solutions, Warehouse Automation, Electrical Systems, and Aftermarket & Accessories.
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