Commercial Vehicle Group, Inc. (CVGI) Forecasted to Post FY2017 Earnings of $0.46 Per Share

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Investment analysts at Seaport Global Securities boosted their FY2017 EPS estimates for shares of Commercial Vehicle Group in a research note issued on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Shlisky now expects that the company will earn $0.46 per share for the year, up from their previous forecast of $0.32.

A number of other research firms have also weighed in on CVGI. BidaskClub raised shares of Commercial Vehicle Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 23rd. Zacks Investment Research raised shares of Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, January 17th. Finally, ValuEngine lowered shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

Commercial Vehicle Group (NASDAQ CVGI) traded down $0.01 during trading hours on Thursday, hitting $10.57. 330,541 shares of the stock were exchanged, compared to its average volume of 323,295. The company has a current ratio of 2.09, a quick ratio of 1.44 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $324.06, a price-to-earnings ratio of 31.09 and a beta of 1.16. Commercial Vehicle Group has a twelve month low of $5.35 and a twelve month high of $13.90.

A number of institutional investors have recently added to or reduced their stakes in the stock. Eagle Boston Investment Management Inc. grew its holdings in Commercial Vehicle Group by 4.6% in the fourth quarter. Eagle Boston Investment Management Inc. now owns 1,070,592 shares of the company’s stock valued at $11,444,000 after purchasing an additional 46,912 shares during the period. Brightline Capital Management LLC purchased a new stake in Commercial Vehicle Group in the fourth quarter valued at approximately $4,116,000. Wells Fargo & Company MN grew its holdings in Commercial Vehicle Group by 1,326.9% in the fourth quarter. Wells Fargo & Company MN now owns 218,483 shares of the company’s stock valued at $2,336,000 after purchasing an additional 203,171 shares during the period. California Public Employees Retirement System grew its holdings in Commercial Vehicle Group by 6.5% in the fourth quarter. California Public Employees Retirement System now owns 206,072 shares of the company’s stock valued at $2,203,000 after purchasing an additional 12,628 shares during the period. Finally, Cadence Capital Management LLC grew its holdings in Commercial Vehicle Group by 10.6% in the fourth quarter. Cadence Capital Management LLC now owns 183,132 shares of the company’s stock valued at $1,958,000 after purchasing an additional 17,607 shares during the period. Hedge funds and other institutional investors own 75.80% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2018/02/12/fy2017-eps-estimates-for-commercial-vehicle-group-inc-cvgi-lifted-by-seaport-global-securities.html.

About Commercial Vehicle Group

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.

Get a free copy of the Zacks research report on Commercial Vehicle Group (CVGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Commercial Vehicle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Vehicle Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply