Commercial Vehicle Group (NASDAQ:CVGI) Given Buy Rating at Barrington Research

Commercial Vehicle Group (NASDAQ:CVGI)‘s stock had its “buy” rating reiterated by equities researchers at Barrington Research in a report issued on Monday, AnalystRatings.com reports. They presently have a $8.50 target price on the stock. Barrington Research’s price target would suggest a potential upside of 10.25% from the stock’s current price.

Several other analysts have also recently issued reports on CVGI. BidaskClub raised Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research report on Friday, July 26th. ValuEngine cut Commercial Vehicle Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th. Finally, Dougherty & Co initiated coverage on Commercial Vehicle Group in a research report on Tuesday, August 27th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $8.83.

Shares of NASDAQ:CVGI opened at $7.71 on Monday. Commercial Vehicle Group has a 52-week low of $5.35 and a 52-week high of $9.77. The stock has a market cap of $240.30 million, a P/E ratio of 5.28, a price-to-earnings-growth ratio of 0.62 and a beta of 2.76. The business’s 50 day moving average is $7.10 and its 200 day moving average is $7.50. The company has a quick ratio of 1.77, a current ratio of 2.45 and a debt-to-equity ratio of 1.27.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its earnings results on Thursday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $243.19 million for the quarter. Commercial Vehicle Group had a return on equity of 30.50% and a net margin of 4.25%. On average, sell-side analysts anticipate that Commercial Vehicle Group will post 1.21 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in CVGI. Vanguard Group Inc. boosted its position in Commercial Vehicle Group by 23.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,493,459 shares of the company’s stock valued at $11,977,000 after acquiring an additional 283,781 shares in the last quarter. Renaissance Technologies LLC boosted its position in Commercial Vehicle Group by 15.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,109,700 shares of the company’s stock valued at $16,920,000 after acquiring an additional 279,300 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Commercial Vehicle Group by 3,680.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 278,943 shares of the company’s stock valued at $2,178,000 after acquiring an additional 271,565 shares in the last quarter. BlackRock Inc. boosted its position in Commercial Vehicle Group by 13.1% during the 2nd quarter. BlackRock Inc. now owns 2,080,772 shares of the company’s stock valued at $16,688,000 after acquiring an additional 241,657 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Commercial Vehicle Group by 71.4% during the 2nd quarter. AQR Capital Management LLC now owns 494,180 shares of the company’s stock valued at $3,963,000 after acquiring an additional 205,797 shares in the last quarter. 82.21% of the stock is currently owned by institutional investors and hedge funds.

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, 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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