Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Research analysts at Dougherty & Co issued their Q3 2019 EPS estimates for Commercial Vehicle Group in a research note issued on Wednesday, August 28th. Dougherty & Co analyst M. Shlisky anticipates that the company will post earnings of $0.33 per share for the quarter. Dougherty & Co has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for Commercial Vehicle Group’s FY2019 earnings at $1.26 EPS and FY2020 earnings at $0.68 EPS.
Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.23 earnings per share for the quarter. Commercial Vehicle Group had a return on equity of 30.50% and a net margin of 4.25%. The business had revenue of $243.19 million during the quarter.
CVGI has been the subject of a number of other research reports. Barrington Research initiated coverage on Commercial Vehicle Group in a research report on Thursday, August 29th. They issued an “outperform” rating and a $7.50 price target for the company. BidaskClub upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research report on Friday, July 26th. Finally, ValuEngine upgraded Commercial Vehicle Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $8.50.
Shares of CVGI stock opened at $6.35 on Monday. Commercial Vehicle Group has a fifty-two week low of $5.35 and a fifty-two week high of $10.09. The stock has a market cap of $216.79 million, a P/E ratio of 4.35 and a beta of 2.65. The business has a fifty day simple moving average of $7.33 and a 200-day simple moving average of $7.73. The company has a quick ratio of 1.77, a current ratio of 2.45 and a debt-to-equity ratio of 1.27.
Several hedge funds have recently made changes to their positions in the company. United Services Automobile Association increased its holdings in Commercial Vehicle Group by 4.4% during the 2nd quarter. United Services Automobile Association now owns 141,294 shares of the company’s stock worth $1,133,000 after purchasing an additional 6,000 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Commercial Vehicle Group by 40.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 344,042 shares of the company’s stock worth $2,759,000 after purchasing an additional 98,685 shares during the last quarter. Jefferies Group LLC increased its holdings in Commercial Vehicle Group by 123.2% during the 2nd quarter. Jefferies Group LLC now owns 24,834 shares of the company’s stock worth $199,000 after purchasing an additional 13,709 shares during the last quarter. AQR Capital Management LLC increased its holdings in Commercial Vehicle Group by 71.4% during the 2nd quarter. AQR Capital Management LLC now owns 494,180 shares of the company’s stock worth $3,963,000 after purchasing an additional 205,797 shares during the last quarter. Finally, Zebra Capital Management LLC grew its position in shares of Commercial Vehicle Group by 9.6% in the 2nd quarter. Zebra Capital Management LLC now owns 19,037 shares of the company’s stock worth $153,000 after acquiring an additional 1,664 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, Electrical Systems and Global Seating. The Electrical Systems segment electronic provides wire harness assemblies that function as current carrying devices used to provide electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial vehicles; and panel assemblies and cabinets.