StockNews.com Downgrades Commercial Vehicle Group (NASDAQ:CVGI) to Hold

Commercial Vehicle Group (NASDAQ:CVGI) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price target on shares of Commercial Vehicle Group in a report on Monday, August 5th.

Commercial Vehicle Group Price Performance

Shares of Commercial Vehicle Group stock traded down $0.68 during trading on Tuesday, reaching $2.40. 1,156,562 shares of the stock traded hands, compared to its average volume of 145,496. The company has a market capitalization of $82.51 million, a price-to-earnings ratio of 2.35, a P/E/G ratio of 0.46 and a beta of 2.46. The business has a fifty day simple moving average of $3.23 and a two-hundred day simple moving average of $4.40. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.06 and a quick ratio of 1.27. Commercial Vehicle Group has a 52-week low of $2.11 and a 52-week high of $7.34.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.11). Commercial Vehicle Group had a net margin of 3.42% and a return on equity of 10.07%. The business had revenue of $229.91 million during the quarter, compared to the consensus estimate of $237.69 million. During the same period in the previous year, the business posted $0.32 EPS. Sell-side analysts expect that Commercial Vehicle Group will post 0.3 EPS for the current year.

Institutional Trading of Commercial Vehicle Group

Several institutional investors have recently added to or reduced their stakes in CVGI. Private Advisor Group LLC bought a new stake in shares of Commercial Vehicle Group during the second quarter valued at approximately $603,000. American Century Companies Inc. raised its stake in shares of Commercial Vehicle Group by 13.2% during the second quarter. American Century Companies Inc. now owns 731,356 shares of the company’s stock valued at $3,584,000 after acquiring an additional 85,102 shares in the last quarter. Huber Capital Management LLC raised its stake in shares of Commercial Vehicle Group by 9.3% during the first quarter. Huber Capital Management LLC now owns 749,163 shares of the company’s stock valued at $4,817,000 after acquiring an additional 63,888 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Commercial Vehicle Group by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,681,449 shares of the company’s stock valued at $10,812,000 after acquiring an additional 48,443 shares in the last quarter. Finally, Perritt Capital Management Inc raised its stake in shares of Commercial Vehicle Group by 43.8% during the second quarter. Perritt Capital Management Inc now owns 114,900 shares of the company’s stock valued at $563,000 after acquiring an additional 35,000 shares in 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.