Noble Financial Reaffirms “Buy” Rating for CPI Aerostructures, Inc. (NYSEMKT:CVU)
CPI Aerostructures, Inc. (NYSEMKT:CVU)‘s stock had its “buy” rating reiterated by equities research analysts at Noble Financial in a research note issued on Wednesday.
A number of other analysts have also recently weighed in on the company. Zacks Investment Research upgraded CPI Aerostructures from a “sell” rating to a “hold” rating in a research note on Friday, April 14th. ValuEngine cut CPI Aerostructures from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. TheStreet upgraded CPI Aerostructures from a “d+” rating to a “c-” rating in a research note on Tuesday, May 23rd. Canaccord Genuity raised their price target on CPI Aerostructures from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, B. Riley restated a “buy” rating and issued a $9.50 price target on shares of CPI Aerostructures in a research note on Tuesday, May 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $10.17.
CPI Aerostructures (CVU) opened at 9.35 on Wednesday. The firm has a market capitalization of $82.58 million, a price-to-earnings ratio of 14.04 and a beta of 0.79. The company’s 50-day moving average price is $9.38 and its 200 day moving average price is $7.96. CPI Aerostructures has a 12 month low of $5.55 and a 12 month high of $10.15.
CPI Aerostructures (NYSEMKT:CVU) last released its earnings results on Tuesday, August 8th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. CPI Aerostructures had a return on equity of 7.32% and a net margin of 6.24%. The firm had revenue of $16.73 million during the quarter, compared to analyst estimates of $17.57 million. CPI Aerostructures’s revenue for the quarter was down 24.9% on a year-over-year basis. Analysts predict that CPI Aerostructures will post $0.60 EPS for the current year.
Several hedge funds have recently bought and sold shares of CVU. Dimensional Fund Advisors LP boosted its stake in CPI Aerostructures by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 250,860 shares of the aerospace company’s stock worth $2,320,000 after buying an additional 12,474 shares during the period. Renaissance Technologies LLC purchased a new stake in CPI Aerostructures during the fourth quarter worth approximately $350,000. New Jersey Better Educational Savings Trust purchased a new stake in CPI Aerostructures during the first quarter worth approximately $351,000. NJ State Employees Deferred Compensation Plan purchased a new stake in CPI Aerostructures during the first quarter worth approximately $169,000. Finally, Heartland Advisors Inc. boosted its stake in CPI Aerostructures by 25.6% in the first quarter. Heartland Advisors Inc. now owns 770,000 shares of the aerospace company’s stock worth $5,198,000 after buying an additional 156,900 shares during the period.
About CPI Aerostructures
CPI Aerostructures, Inc (CPI Aero) is a supplier of aircraft parts for fixed wing aircraft and helicopters in both the commercial and defense markets in the United States. The Company is a manufacturer of structural aircraft parts and aerosystems. It is also a contractor to the United States Department of Defense, primarily the Air Force.
Receive News & Ratings for CPI Aerostructures Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPI Aerostructures Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.