Commercial Vehicle Group (NASDAQ:CVGI) Raised to "Hold" at Zacks Research

Key Points

• Commercial Vehicle Group (NASDAQ:CVGI) was upgraded from a "strong sell" to a "hold" rating by Zacks Research, reflecting a potentially improved outlook for the stock.
• Despite the upgrade, the stock also has a "sell" rating from Weiss Ratings, leading to a current consensus rating of "Reduce."
• The company reported a negative earnings per share (EPS) of ($0.09) for the last quarter, missing analysts' estimates, while achieving revenues of $171.96 million, surpassing expectations.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Commercial Vehicle Group in a research report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce".

Commercial Vehicle Group Stock Performance

Shares of CVGI stock opened at $1.72 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.41. The company has a market capitalization of $63.61 million, a P/E ratio of -1.52 and a beta of 2.02. The company's 50 day moving average price is $1.79 and its two-hundred day moving average price is $1.52. Commercial Vehicle Group has a 52 week low of $0.81 and a 52 week high of $3.31.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). Commercial Vehicle Group had a negative net margin of 5.66% and a negative return on equity of 7.40%. The business had revenue of $171.96 million during the quarter, compared to analyst estimates of $161.63 million. Commercial Vehicle Group has set its FY 2025 guidance at EPS. On average, analysts expect that Commercial Vehicle Group will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Commercial Vehicle Group

A number of large investors have recently modified their holdings of the company. Engineers Gate Manager LP raised its position in Commercial Vehicle Group by 87.1% in the 2nd quarter. Engineers Gate Manager LP now owns 20,116 shares of the company's stock valued at $33,000 after buying an additional 9,364 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Commercial Vehicle Group during the 4th quarter valued at about $47,000. Nuveen LLC purchased a new position in Commercial Vehicle Group in the 1st quarter worth approximately $74,000. Qube Research & Technologies Ltd purchased a new position in Commercial Vehicle Group in the 2nd quarter worth approximately $78,000. Finally, Bank of America Corp DE increased its stake in shares of 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 valued at $81,000 after buying an additional 10,242 shares during the period. 72.32% of the stock is currently owned by institutional investors.

About Commercial Vehicle Group

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.

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