BidaskClub Lowers Commercial Vehicle Group (CVGI) to Sell

BidaskClub lowered shares of Commercial Vehicle Group (NASDAQ:CVGI) from a hold rating to a sell rating in a report published on Saturday morning.

A number of other research analysts have also weighed in on CVGI. ValuEngine lowered Commercial Vehicle Group from a buy rating to a hold rating in a research note on Friday, December 1st. Zacks Investment Research raised Commercial Vehicle Group from a hold rating to a strong-buy rating and set a $12.00 price target on the stock in a research note on Tuesday, January 2nd.

Commercial Vehicle Group (NASDAQ:CVGI) opened at $10.72 on Friday. Commercial Vehicle Group has a 52 week low of $5.35 and a 52 week high of $13.90. The firm has a market capitalization of $328.66, a price-to-earnings ratio of 56.42 and a beta of 1.16. The company has a current ratio of 2.09, a quick ratio of 1.44 and a debt-to-equity ratio of 2.10.

Several institutional investors have recently modified their holdings of CVGI. Schwab Charles Investment Management Inc. purchased a new position in shares of Commercial Vehicle Group in the 2nd quarter worth $359,000. Teachers Advisors LLC purchased a new position in shares of Commercial Vehicle Group in the 2nd quarter worth $378,000. TIAA CREF Investment Management LLC purchased a new position in shares of Commercial Vehicle Group in the 2nd quarter worth $910,000. New York State Common Retirement Fund purchased a new position in shares of Commercial Vehicle Group in the 2nd quarter worth $227,000. Finally, Northern Trust Corp raised its position in shares of Commercial Vehicle Group by 313.7% in the 2nd quarter. Northern Trust Corp now owns 305,218 shares of the company’s stock worth $2,579,000 after buying an additional 231,445 shares during the period. 77.44% of the stock is currently owned by institutional investors.

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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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