Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Equities researchers at Colliers Secur. upped their Q3 2020 earnings per share estimates for shares of Commercial Vehicle Group in a research report issued on Wednesday, September 23rd. Colliers Secur. analyst M. Shlisky now forecasts that the company will earn ($0.05) per share for the quarter, up from their prior estimate of ($0.06). Colliers Secur. currently has a “Buy” rating and a $6.50 target price on the stock. Colliers Secur. also issued estimates for Commercial Vehicle Group’s FY2020 earnings at ($0.45) EPS.
Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.51) by $0.27. Commercial Vehicle Group had a negative net margin of 4.95% and a negative return on equity of 4.97%. The business had revenue of $126.90 million for the quarter, compared to analysts’ expectations of $126.46 million.
CVGI has been the topic of several other reports. Zacks Investment Research upgraded shares of Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $5.00 price target on the stock in a report on Thursday, August 13th. UBS Group upgraded shares of Commercial Vehicle Group from a “neutral” rating to a “buy” rating and set a $6.50 price target on the stock in a report on Tuesday, August 11th. Colliers Securities upgraded shares of Commercial Vehicle Group from a “neutral” rating to a “buy” rating and set a $6.50 price target on the stock in a report on Tuesday, August 11th. Barrington Research boosted their price target on shares of Commercial Vehicle Group from $5.00 to $5.50 and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Finally, ValuEngine raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research report on Monday, June 1st. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $6.00.
Commercial Vehicle Group stock opened at $5.12 on Friday. Commercial Vehicle Group has a fifty-two week low of $1.24 and a fifty-two week high of $7.86. The stock has a market cap of $167.14 million, a PE ratio of -4.41 and a beta of 3.71. The firm’s 50-day simple moving average is $4.62 and its 200 day simple moving average is $2.80. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.53 and a current ratio of 2.13.
A number of hedge funds have recently made changes to their positions in CVGI. Two Sigma Investments LP bought a new stake in Commercial Vehicle Group in the first quarter worth about $30,000. Granite Investment Partners LLC bought a new stake in shares of Commercial Vehicle Group in the second quarter valued at approximately $40,000. Citigroup Inc. raised its position in shares of Commercial Vehicle Group by 408.8% in the first quarter. Citigroup Inc. now owns 35,131 shares of the company’s stock valued at $53,000 after purchasing an additional 28,227 shares during the period. Metropolitan Life Insurance Co NY bought a new stake in shares of Commercial Vehicle Group in the first quarter valued at approximately $67,000. Finally, Wells Fargo & Company MN raised its position in shares of Commercial Vehicle Group by 39.2% in the first quarter. Wells Fargo & Company MN now owns 76,264 shares of the company’s stock valued at $115,000 after purchasing an additional 21,493 shares during the period. 53.66% of the stock is currently owned by institutional investors and hedge funds.
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.
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