Analysts Anticipate Commercial Vehicle Group, Inc. (CVGI) to Announce ($0.02) Earnings Per Share

Analysts Anticipate Commercial Vehicle Group, Inc. (CVGI) to Announce ($0.02) Earnings Per Share

Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Analysts have set a 1 year consensus target price of $5.50 for the company and are predicting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given Commercial Vehicle Group an industry rank of 140 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered Commercial Vehicle Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 5th.

Shares of Commercial Vehicle Group (NASDAQ:CVGI) opened at 6.22 on Friday. The firm has a 50-day moving average price of $5.43 and a 200 day moving average price of $5.17. Commercial Vehicle Group has a 12-month low of $2.10 and a 12-month high of $6.25. The company has a market capitalization of $188.77 million, a P/E ratio of 44.11 and a beta of 1.05.

In other news, Director Robert C. Griffin sold 8,901 shares of Commercial Vehicle Group stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $5.20, for a total value of $46,285.20. Following the transaction, the director now directly owns 95,703 shares in the company, valued at approximately $497,655.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David R. Bovee sold 21,737 shares of Commercial Vehicle Group stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $5.15, for a total value of $111,945.55. Following the completion of the transaction, the director now owns 88,099 shares in the company, valued at $453,709.85. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CVGI. ClariVest Asset Management LLC increased its position in shares of Commercial Vehicle Group by 0.6% in the third quarter. ClariVest Asset Management LLC now owns 74,086 shares of the company’s stock worth $428,000 after buying an additional 439 shares in the last quarter. Smith Asset Management Group LP increased its position in shares of Commercial Vehicle Group by 1.9% in the third quarter. Smith Asset Management Group LP now owns 68,910 shares of the company’s stock worth $398,000 after buying an additional 1,310 shares in the last quarter. Aristotle Capital Boston LLC increased its position in shares of Commercial Vehicle Group by 0.5% in the second quarter. Aristotle Capital Boston LLC now owns 738,371 shares of the company’s stock worth $3,840,000 after buying an additional 3,381 shares in the last quarter. Ironwood Investment Management LLC increased its position in shares of Commercial Vehicle Group by 1.7% in the third quarter. Ironwood Investment Management LLC now owns 256,495 shares of the company’s stock worth $1,483,000 after buying an additional 4,180 shares in the last quarter. Finally, Weber Alan W increased its position in shares of Commercial Vehicle Group by 2.1% in the second quarter. Weber Alan W now owns 208,922 shares of the company’s stock worth $1,086,000 after buying an additional 4,366 shares in the last quarter. Institutional investors and hedge funds own 61.65% of the company’s stock.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.

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