Commercial Vehicle Group (NASDAQ:CVGI) Stock Rating Reaffirmed by Barrington Research

Commercial Vehicle Group (NASDAQ:CVGI)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a report released on Monday, Benzinga reports. They presently have a $10.00 price objective on the stock. Barrington Research’s target price suggests a potential upside of 78.57% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. TheStreet upgraded Commercial Vehicle Group from a “d+” rating to a “c” rating in a report on Monday, March 4th. StockNews.com lowered shares of Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th.

Commercial Vehicle Group Stock Down 7.0 %

CVGI opened at $5.60 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.38 and a current ratio of 2.26. The company has a market capitalization of $189.73 million, a PE ratio of 3.78, a P/E/G ratio of 0.33 and a beta of 2.69. The stock’s fifty day moving average is $6.26 and its 200-day moving average is $6.47. Commercial Vehicle Group has a one year low of $4.89 and a one year high of $11.96.

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

Institutional Investors Weigh In On Commercial Vehicle Group

A number of institutional investors have recently bought and sold shares of CVGI. Allspring Global Investments Holdings LLC bought a new stake in shares of Commercial Vehicle Group in the 3rd quarter worth about $34,000. Tower Research Capital LLC TRC grew its stake in Commercial Vehicle Group by 256.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,006 shares of the company’s stock worth $56,000 after buying an additional 5,763 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Commercial Vehicle Group during the third quarter worth approximately $92,000. WINTON GROUP Ltd bought a new position in shares of Commercial Vehicle Group in the third quarter valued at approximately $98,000. Finally, SG Americas Securities LLC acquired a new position in shares of Commercial Vehicle Group in the 3rd quarter worth approximately $101,000. Institutional investors and hedge funds own 72.32% of the company’s stock.

Commercial Vehicle Group Company Profile

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.