Commercial Vehicle Group (NASDAQ:CVGI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

According to Zacks, “Commercial Vehicle Group supplies interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the construction market and other specialized transportation markets. The company’s products include suspension seat systems, interior trim systems, such as instrument and door panels, headliners, cabinetry and floor systems, mirrors, wiper systems, controls and switches specifically designed for applications in commercial vehicle cabs. “

Several other equities research analysts also recently issued reports on the stock. ValuEngine downgraded shares of Commercial Vehicle Group from a “sell” rating to a “strong sell” rating in a research note on Friday, October 25th. Dougherty & Co began coverage on shares of Commercial Vehicle Group in a research note on Tuesday, August 27th. They issued a “neutral” rating for the company. Finally, Barrington Research reiterated a “buy” rating and issued a $8.50 target price on shares of Commercial Vehicle Group in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $8.75.

Shares of Commercial Vehicle Group stock traded down $0.09 during trading hours on Monday, reaching $7.05. 94,708 shares of the company’s stock were exchanged, compared to its average volume of 244,996. The company has a 50 day moving average of $7.33 and a two-hundred day moving average of $7.21. Commercial Vehicle Group has a fifty-two week low of $5.35 and a fifty-two week high of $9.77. The company has a current ratio of 2.25, a quick ratio of 1.58 and a debt-to-equity ratio of 1.25. The stock has a market cap of $223.76 million, a P/E ratio of 4.83, a P/E/G ratio of 0.64 and a beta of 2.73.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). Commercial Vehicle Group had a return on equity of 27.58% and a net margin of 3.82%. The business had revenue of $225.40 million for the quarter, compared to analyst estimates of $226.20 million. As a group, analysts expect that Commercial Vehicle Group will post 1.12 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Zebra Capital Management LLC raised its holdings in Commercial Vehicle Group by 9.6% in the 2nd quarter. Zebra Capital Management LLC now owns 19,037 shares of the company’s stock valued at $153,000 after acquiring an additional 1,664 shares during the period. Parametric Portfolio Associates LLC raised its holdings in Commercial Vehicle Group by 6.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 48,936 shares of the company’s stock valued at $392,000 after acquiring an additional 3,150 shares during the period. Rhumbline Advisers raised its holdings in Commercial Vehicle Group by 9.0% in the 3rd quarter. Rhumbline Advisers now owns 47,849 shares of the company’s stock valued at $345,000 after acquiring an additional 3,959 shares during the period. Russell Investments Group Ltd. raised its holdings in Commercial Vehicle Group by 88.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,496 shares of the company’s stock valued at $76,000 after acquiring an additional 4,450 shares during the period. Finally, Tower Research Capital LLC TRC bought a new position in Commercial Vehicle Group in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 77.10% of the company’s stock.

Commercial Vehicle Group Company Profile

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.

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