ValuEngine lowered shares of Commercial Vehicle Group (NASDAQ:CVGI) from a buy rating to a hold rating in a report issued on Monday morning.

Several other equities analysts have also weighed in on the stock. BidaskClub lowered shares of Commercial Vehicle Group from a hold rating to a sell rating in a research report on Saturday, February 17th. Zacks Investment Research lowered shares of Commercial Vehicle Group from a strong-buy rating to a hold rating in a research report on Tuesday, January 9th.

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Shares of Commercial Vehicle Group stock opened at $8.39 on Monday. The company has a market cap of $266.64, a price-to-earnings ratio of -139.83 and a beta of 1.31. The company has a debt-to-equity ratio of 2.19, a current ratio of 2.22 and a quick ratio of 1.42. Commercial Vehicle Group has a 12 month low of $5.35 and a 12 month high of $13.90.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Monday, March 12th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). The company had revenue of $188.30 million during the quarter, compared to the consensus estimate of $191.10 million. Commercial Vehicle Group had a negative net margin of 0.23% and a positive return on equity of 18.39%. Commercial Vehicle Group’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. equities research analysts expect that Commercial Vehicle Group will post 1.18 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of Commercial Vehicle Group by 54.7% in the third quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after purchasing an additional 5,412 shares during the period. Cadence Capital Management LLC raised its position in shares of Commercial Vehicle Group by 5.1% in the third quarter. Cadence Capital Management LLC now owns 165,525 shares of the company’s stock valued at $1,217,000 after purchasing an additional 8,075 shares during the period. Allianz Asset Management GmbH bought a new position in shares of Commercial Vehicle Group in the fourth quarter valued at about $109,000. California Public Employees Retirement System raised its position in shares of Commercial Vehicle Group by 6.5% in the fourth quarter. California Public Employees Retirement System now owns 206,072 shares of the company’s stock valued at $2,203,000 after purchasing an additional 12,628 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in shares of Commercial Vehicle Group in the fourth quarter valued at about $135,000. 76.29% of the stock is currently owned by institutional investors.

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About Commercial Vehicle Group

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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