Commercial Vehicle Group (CVGI) Stock Rating Upgraded by ValuEngine
ValuEngine upgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) from a sell rating to a hold rating in a research note released on Thursday morning.
Several other research firms have also issued reports on CVGI. Seaport Global Securities restated a buy rating and issued a $9.00 price target on shares of Commercial Vehicle Group in a research report on Tuesday, December 11th. BidaskClub upgraded shares of Commercial Vehicle Group from a hold rating to a buy rating in a research report on Monday, February 25th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $9.00.
NASDAQ CVGI opened at $7.98 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.73 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $258.63 million, a price-to-earnings ratio of 5.47 and a beta of 2.37. Commercial Vehicle Group has a 52-week low of $5.35 and a 52-week high of $10.28.
Several large investors have recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in Commercial Vehicle Group by 16.2% in the second quarter. Northern Trust Corp now owns 350,422 shares of the company’s stock worth $2,572,000 after acquiring an additional 48,940 shares during the period. Eagle Boston Investment Management Inc. grew its position in Commercial Vehicle Group by 3.4% in the third quarter. Eagle Boston Investment Management Inc. now owns 1,250,152 shares of the company’s stock worth $11,451,000 after acquiring an additional 41,462 shares during the period. BlackRock Inc. grew its position in Commercial Vehicle Group by 12.2% in the third quarter. BlackRock Inc. now owns 1,909,021 shares of the company’s stock worth $17,487,000 after acquiring an additional 207,672 shares during the period. Panagora Asset Management Inc. grew its position in Commercial Vehicle Group by 348.3% in the third quarter. Panagora Asset Management Inc. now owns 46,990 shares of the company’s stock worth $430,000 after acquiring an additional 36,508 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Commercial Vehicle Group by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,754,193 shares of the company’s stock worth $16,068,000 after acquiring an additional 31,379 shares during the period. 77.34% of the stock is owned by institutional investors.
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, the Global Truck and Bus, and the Global Construction and Agriculture.
Featured Article: Dividend Aristocrat Index
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Commercial Vehicle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Vehicle Group and related companies with MarketBeat.com's FREE daily email newsletter.