Commercial Vehicle Group’s (CVGI) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Commercial Vehicle Group (NASDAQ:CVGI) in a research note published on Monday morning, Benzinga reports. The brokerage currently has a $10.00 target price on the stock.

Commercial Vehicle Group Price Performance

Shares of CVGI stock opened at $3.38 on Monday. Commercial Vehicle Group has a 1 year low of $3.22 and a 1 year high of $10.74. The company has a current ratio of 2.30, a quick ratio of 1.48 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average is $5.05 and its 200-day moving average is $5.78. The firm has a market capitalization of $116.20 million, a price-to-earnings ratio of 2.58, a PEG ratio of 0.31 and a beta of 2.52.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.11). Commercial Vehicle Group had a return on equity of 15.85% and a net margin of 4.53%. The company had revenue of $229.91 million during the quarter, compared to the consensus estimate of $237.69 million. During the same quarter last year, the firm earned $0.32 EPS. Sell-side analysts forecast that Commercial Vehicle Group will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Commercial Vehicle Group

Several hedge funds have recently added to or reduced their stakes in CVGI. Allspring Global Investments Holdings LLC bought a new stake in Commercial Vehicle Group during the 2nd quarter worth about $47,000. Tower Research Capital LLC TRC boosted its stake in shares of Commercial Vehicle Group by 256.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,006 shares of the company’s stock valued at $56,000 after purchasing an additional 5,763 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Commercial Vehicle Group during the 2nd quarter worth approximately $76,000. SG Americas Securities LLC raised its stake in shares of Commercial Vehicle Group by 33.1% during the fourth quarter. SG Americas Securities LLC now owns 17,259 shares of the company’s stock worth $121,000 after buying an additional 4,291 shares during the last quarter. Finally, Heron Bay Capital Management raised its stake in shares of Commercial Vehicle Group by 20.5% during the first quarter. Heron Bay Capital Management now owns 19,887 shares of the company’s stock worth $128,000 after buying an additional 3,390 shares during the last quarter. Institutional investors 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.