Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Equities researchers at Seaport Global Securities decreased their Q1 2019 earnings per share (EPS) estimates for shares of Commercial Vehicle Group in a report released on Wednesday, March 13th. Seaport Global Securities analyst W. Milby now anticipates that the company will post earnings per share of $0.37 for the quarter, down from their previous estimate of $0.38. Seaport Global Securities has a “Buy” rating and a $9.00 price target on the stock. Seaport Global Securities also issued estimates for Commercial Vehicle Group’s Q2 2019 earnings at $0.44 EPS, Q4 2019 earnings at $0.27 EPS, Q1 2020 earnings at $0.25 EPS, Q2 2020 earnings at $0.24 EPS, Q3 2020 earnings at $0.18 EPS, Q4 2020 earnings at $0.19 EPS and FY2020 earnings at $0.86 EPS.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Friday. ValuEngine upgraded Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, BidaskClub upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Commercial Vehicle Group currently has an average rating of “Buy” and an average price target of $9.00.
Shares of NASDAQ:CVGI opened at $7.98 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.73 and a debt-to-equity ratio of 1.34. Commercial Vehicle Group has a 1-year low of $5.35 and a 1-year high of $10.28. The firm has a market cap of $258.63 million, a price-to-earnings ratio of 5.47 and a beta of 2.37.
Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Monday, March 11th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03. Commercial Vehicle Group had a return on equity of 41.48% and a net margin of 4.96%. The business had revenue of $223.60 million for the quarter, compared to analysts’ expectations of $215.00 million.
Several institutional investors have recently made changes to their positions in CVGI. Perritt Capital Management Inc. purchased a new stake in shares of Commercial Vehicle Group during the 4th quarter valued at $57,000. Meeder Asset Management Inc. increased its holdings in Commercial Vehicle Group by 245.7% in the 4th quarter. Meeder Asset Management Inc. now owns 13,338 shares of the company’s stock worth $77,000 after acquiring an additional 9,480 shares during the last quarter. Bank of America Corp DE increased its holdings in Commercial Vehicle Group by 95.4% in the 4th quarter. Bank of America Corp DE now owns 16,765 shares of the company’s stock worth $96,000 after acquiring an additional 8,186 shares during the last quarter. Stone Ridge Asset Management LLC increased its holdings in Commercial Vehicle Group by 34.1% in the 4th quarter. Stone Ridge Asset Management LLC now owns 31,124 shares of the company’s stock worth $177,000 after acquiring an additional 7,910 shares during the last quarter. Finally, First Quadrant L P CA increased its holdings in Commercial Vehicle Group by 28.6% in the 4th quarter. First Quadrant L P CA now owns 32,124 shares of the company’s stock worth $183,000 after acquiring an additional 7,137 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.
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, the Global Truck and Bus, and the Global Construction and Agriculture.
Recommended Story: What is the yield curve?
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.