Commercial Vehicle Group (CVGI) Stock Rating Lowered by BidaskClub
Commercial Vehicle Group (NASDAQ:CVGI) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.
Several other brokerages also recently commented on CVGI. Zacks Investment Research upgraded Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, January 2nd. ValuEngine cut Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
Commercial Vehicle Group (NASDAQ CVGI) opened at $10.42 on Thursday. Commercial Vehicle Group has a twelve month low of $5.15 and a twelve month high of $11.85. The company has a current ratio of 2.09, a quick ratio of 1.44 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $332.03, a P/E ratio of 52.10 and a beta of 1.00.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVGI. Renaissance Technologies LLC grew its position in Commercial Vehicle Group by 50.1% in the second quarter. Renaissance Technologies LLC now owns 1,864,305 shares of the company’s stock worth $15,753,000 after acquiring an additional 622,305 shares in the last quarter. Numeric Investors LLC grew its position in Commercial Vehicle Group by 56.5% in the second quarter. Numeric Investors LLC now owns 1,535,958 shares of the company’s stock worth $12,979,000 after acquiring an additional 554,206 shares in the last quarter. Cortina Asset Management LLC purchased a new position in Commercial Vehicle Group in the third quarter worth about $3,937,000. AJO LP purchased a new position in Commercial Vehicle Group in the second quarter worth about $3,490,000. Finally, Mckinley Capital Management LLC Delaware purchased a new position in Commercial Vehicle Group in the second quarter worth about $2,878,000. Institutional investors own 76.44% of the company’s stock.
Commercial Vehicle Group Company Profile
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.
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