Commercial Vehicle Group (CVGI) Lowered to Strong Sell at BidaskClub

BidaskClub lowered shares of Commercial Vehicle Group (NASDAQ:CVGI) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday, September 12th.

CVGI has been the subject of several other reports. Zacks Investment Research upgraded shares of Commercial Vehicle Group from a hold rating to a buy rating and set a $8.25 target price for the company in a research report on Friday, July 20th. ValuEngine upgraded shares of Commercial Vehicle Group from a sell rating to a hold rating in a research report on Wednesday, August 8th. Finally, TheStreet upgraded shares of Commercial Vehicle Group from a d+ rating to a c rating in a research report on Thursday, May 31st.

Shares of CVGI stock traded down $0.49 during trading hours on Wednesday, reaching $8.72. The company had a trading volume of 149,500 shares, compared to its average volume of 282,368. Commercial Vehicle Group has a one year low of $6.58 and a one year high of $13.90. The firm has a market capitalization of $284.46 million, a PE ratio of 20.00 and a beta of 1.74. The company has a quick ratio of 1.69, a current ratio of 2.43 and a debt-to-equity ratio of 1.72.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Thursday, August 9th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The firm had revenue of $233.39 million during the quarter, compared to analyst estimates of $232.60 million. Commercial Vehicle Group had a net margin of 2.46% and a return on equity of 38.01%. Analysts anticipate that Commercial Vehicle Group will post 1.4 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC bought a new position in shares of Commercial Vehicle Group in the first quarter worth approximately $114,000. Citigroup Inc. lifted its holdings in shares of Commercial Vehicle Group by 389.9% in the first quarter. Citigroup Inc. now owns 14,962 shares of the company’s stock worth $116,000 after buying an additional 11,908 shares in the last quarter. Guggenheim Capital LLC purchased a new position in shares of Commercial Vehicle Group in the first quarter worth $136,000. A.R.T. Advisors LLC purchased a new position in shares of Commercial Vehicle Group in the first quarter worth $142,000. Finally, Barclays PLC lifted its holdings in shares of Commercial Vehicle Group by 238.6% in the first quarter. Barclays PLC now owns 20,216 shares of the company’s stock worth $157,000 after buying an additional 14,246 shares in the last quarter. Institutional investors and hedge funds own 77.25% of the company’s stock.

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, the Global Truck and Bus, and the Global Construction and Agriculture.

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