The stock of Commercial Vehicle Group Inc. (NASDAQ:CVGI) last traded at $7.27, up 2.39% from the previous session.
Data from the available sources indicates that Commercial Vehicle Group Inc. (NASDAQ:CVGI) is covered by 2 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $10.00, we find $10.00. Given the previous closing price of $7.10, this indicates a potential upside of 40.85 percent. CVGI stock price is now 12.12% away from the 50-day moving average and 13.11% away from the 200-day moving average. The market capitalization of the company currently stands at $238.46M.
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In total, 0 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $11.00 as their price target over the next twelve months.
With the price target of $10, Noble Capital Markets recently initiated with Outperform rating for Commercial Vehicle Group Inc. (NASDAQ: CVGI). On August 11, 2020, Colliers Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $6.50, while ‘Barrington Research’ rates the stock as ‘Outperform’.
Insiders disposed of 65,225 shares of company stock worth roughly $0.47 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CVGI stock. A new stake in Commercial Vehicle Group Inc. shares was purchased by FIRST TRUST ADVISORS LP during the first quarter worth $568,000. Y-INTERCEPT (HONG KONG) LTD invested $91,000 in shares of CVGI during the first quarter. In the first quarter, LAZARD ASSET MANAGEMENT LLC acquired a new stake in Commercial Vehicle Group Inc. valued at approximately $34,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in CVGI for approximately $32,000. In total, there are 107 active investors with 59.20% ownership of the company’s stock.
With an opening price of $6.95 on Tuesday morning, Commercial Vehicle Group Inc. (NASDAQ: CVGI) set off the trading day. During the past 12 months, Commercial Vehicle Group Inc. has had a low of $4.03 and a high of $9.10. As of last week, the company has a debt-to-equity ratio of 1.36, a current ratio of 2.10, and a quick ratio of 1.30. The fifty day moving average price for CVGI is $6.54 and a two-hundred day moving average price translates $6.42 for the stock.
The latest earnings results from Commercial Vehicle Group Inc. (NASDAQ: CVGI) was released for Jun, 2022. According to the Auto Parts Company, earnings per share came in at $0.13, missing analysts’ expectations of $0.16 by -0.03. This compares to $0.23 EPS in the same period last year. The net profit margin was 1.30% and return on equity was 9.50% for CVGI. The company reported revenue of $251.41 million for the quarter, compared to $239.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.93 percent. For the current quarter, analysts expect CVGI to generate $253.68M in revenue.
Commercial Vehicle Group Inc.(CVGI) Company Profile
Commercial Vehicle Group, Inc., together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. It operates in four segments: Vehicle Solutions, Warehouse Automation, Electrical Systems, and Aftermarket & Accessories. The company offers electrical wire harness assemblies that function as current carrying devices in providing electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial and other vehicles; and panel assemblies. It also offers electro-mechanical assemblies, such as box builds, complex automated and robotic assemblies, and large multi-cabinet control cabinets with power distribution and cabling; vinyl or cloth-covered appliqués, armrests, map pocket compartments, and sound-reducing insulations; instrument panels; and plastics decorating and finishing products. In addition, it provides cab structures; design products, including armrests, grab handles, storage systems, floor coverings, floor mats, sleeper bunks, headliners, wall panels, and privacy curtains; and mirrors, wipers, and controls used in commercial, military and specialty recreational vehicles. Further, it offers seats and seating systems, such as mechanical and air suspension, static and military seats, and bus, as well as seats for medium-and heavy-duty trucks (MD/HD trucks); office seating products; and seats, parts, and components for the aftermarket. The company supplies its products and systems for the commercial vehicle market comprising the MD/HD truck market; and MD/HD truck, bus, construction, mining, agricultural, military, industrial, municipal, off-road recreational, and specialty vehicle markets. Commercial Vehicle Group, Inc. was incorporated in 2000 and is headquartered in New Albany, Ohio.
