Commercial Vehicle Group (NASDAQ:CVGI) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Commercial Vehicle Group (NASDAQ:CVGI) from "buy" to "hold" while Weiss Ratings reiterated a "sell (d)", leaving a MarketBeat consensus rating of "Reduce".
• CVGI missed EPS estimates in its last quarter (loss of $0.18 vs. $0.15 expected) despite revenue topping forecasts, and the company shows a negative net margin (3.51%) and negative ROE (11.74%) with a market cap of about $144 million and shares near $3.92.
• About 72.32% of the stock is owned by institutional investors and hedge funds, with recent position changes from firms including Virtu Financial and Bank of America.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Commercial Vehicle Group in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Commercial Vehicle Group presently has a consensus rating of "Reduce".

Commercial Vehicle Group Price Performance

Commercial Vehicle Group stock opened at $3.92 on Friday. Commercial Vehicle Group has a 12 month low of $0.81 and a 12 month high of $4.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.43 and a quick ratio of 1.34. The business has a 50 day simple moving average of $2.50 and a 200-day simple moving average of $1.92. The stock has a market capitalization of $143.62 million, a PE ratio of -5.85 and a beta of 1.30.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last posted its quarterly earnings data on Tuesday, March 10th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.03). The firm had revenue of $154.76 million during the quarter, compared to analysts' expectations of $147.05 million. Commercial Vehicle Group had a negative net margin of 3.51% and a negative return on equity of 11.74%. Equities analysts predict that Commercial Vehicle Group will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On Commercial Vehicle Group

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

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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