Commercial Vehicle Group (NASDAQ:CVGI) Earns "Outperform" Rating from Barrington Research

Key Points

• Barrington Research restated an “Outperform” rating on CVGI with a $6.00 price target, implying roughly a 40.25% upside from the prior close.
• Analyst coverage is mixed—one Buy, one Hold and one Sell—resulting in a MarketBeat consensus rating of Hold with the same $6 consensus target.
• CVGI opened at $4.28 (market cap $156.7M), posted a quarterly EPS miss of ($0.18) vs. ($0.15) expected while beating revenue estimates ($154.8M), has negative margins and analysts forecast -0.21 EPS for the year.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Barrington Research in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $6.00 target price on the stock. Barrington Research's price target would suggest a potential upside of 40.25% from the stock's previous close.

Other research analysts also recently issued reports about the company. Wall Street Zen downgraded Commercial Vehicle Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 11th. Weiss Ratings reissued a "sell (d)" rating on shares of Commercial Vehicle Group in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $6.00.

Commercial Vehicle Group Stock Up 3.1%

CVGI stock opened at $4.28 on Monday. The stock has a market capitalization of $156.70 million, a PE ratio of -6.43 and a beta of 1.35. The company has a fifty day moving average of $3.21 and a 200-day moving average of $2.16. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 2.43. Commercial Vehicle Group has a one year low of $0.88 and a one year high of $4.50.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.03). The firm had revenue of $154.76 million for the quarter, compared to analyst estimates of $147.05 million. Commercial Vehicle Group had a negative return on equity of 11.74% and a negative net margin of 3.51%. As a group, analysts expect that Commercial Vehicle Group will post -0.21 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Commercial Vehicle Group in the 4th quarter valued at about $33,000. Engineers Gate Manager LP lifted its holdings in shares of Commercial Vehicle Group by 87.1% during the 2nd quarter. Engineers Gate Manager LP now owns 20,116 shares of the company's stock valued at $33,000 after acquiring an additional 9,364 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in Commercial Vehicle Group during the 2nd quarter worth $78,000. Teton Advisors LLC acquired a new stake in Commercial Vehicle Group in the 3rd quarter valued at $78,000. Finally, Bank of America Corp DE raised its holdings in shares of Commercial Vehicle Group by 46.1% during the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company's stock valued at $81,000 after buying an additional 10,242 shares during the period. 72.32% of the stock is owned by hedge funds and other institutional investors.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc NASDAQ: CVGI is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI's offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.

The company's product portfolio is organized around three core segments: Seating, Controls and Interiors.

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