Commercial Vehicle Group (NASDAQ:CVGI) Downgraded to Hold at Zacks Investment Research

Zacks Expense Analysis downgraded shares of Commercial Motor vehicle Group (NASDAQ:CVGIGet Ranking) from a invest in ranking to a maintain ranking in a report revealed on Wednesday early morning, experiences.

According to Zacks, “Commercial Car Group supplies inside devices, vision protection alternatives and other cab-relevant solutions for the global professional car or truck current market, which include the hefty-responsibility (Course 8) truck sector, the design marketplace and other specialised transportation marketplaces. The company’s solutions involve suspension seat techniques, inside trim methods, such as instrument and door panels, headliners, cabinetry and floor systems, mirrors, wiper devices, controls and switches specifically intended for purposes in industrial car or truck cabs. “

A number of other investigate companies have also weighed in on CVGI. Barrington Investigate restated a acquire ranking and established a $14.00 cost objective on shares of Professional Car or truck Group in a investigation take note on Friday, May perhaps 6th. downgraded shares of Professional Motor vehicle Team from a buy score to a maintain ranking in a report on Wednesday.

Industrial Motor vehicle Team inventory opened at $6.50 on Wednesday. The firm has a industry capitalization of $214.18 million, a PE ratio of 11.02, a P/E/G ratio of .31 and a beta of 3.26. The company’s 50-working day moving typical is $7.63 and its 200-day transferring common is $8.05. Professional Automobile Group has a fifty-two week minimal of $6.21 and a fifty-two week significant of $12.95. The company has a credit card debt-to-equity ratio of 1.59, a current ratio of 2.32 and a quick ratio of 1.46.

Industrial Vehicle Group (NASDAQ:CVGIGet Rating) final launched its quarterly earnings details on Monday, February 28th. The organization claimed $.13 earnings per share for the quarter, lacking the consensus estimate of $.17 by ($.04). The company had profits of $228.91 million for the quarter, as opposed to analyst estimates of $222.05 million. Professional Car or truck Team had a return on equity of 22.91% and a net margin of 1.98%. For the duration of the similar quarter in the prior 12 months, the firm attained ($.05) earnings per share. As a team, analysts anticipate that Business Auto Team will publish .93 EPS for the recent yr.

A selection of hedge cash and other institutional traders have a short while ago acquired and sold shares of CVGI. Metropolitan Lifestyle Insurance policy Co NY purchased a new stake in Industrial Car Group in the 1st quarter valued at about $67,000. Royal Financial institution of Canada boosted its holdings in Industrial Automobile Group by 19.6% in the 2nd quarter. Royal Bank of Canada now owns 10,415 shares of the company’s stock valued at $110,000 right after buying an additional 1,706 shares for the duration of the interval. Lender of The united states Corp DE boosted its holdings in Industrial Auto Group by 72.8% in the 2nd quarter. Lender of The us Corp DE now owns 5,700 shares of the company’s stock valued at $60,000 soon after paying for an additional 2,401 shares during the period. Wells Fargo & Company MN boosted its holdings in Professional Vehicle Group by 561.2% in the 2nd quarter. Wells Fargo & Enterprise MN now owns 8,000 shares of the company’s stock valued at $85,000 after paying for an further 6,790 shares throughout the time period. At last, Morgan Stanley boosted its holdings in Business Vehicle Team by 9.3% in the 2nd quarter. Morgan Stanley now owns 410,531 shares of the company’s stock valued at $4,364,000 just after paying for an further 34,884 shares throughout the time period. 59.49% of the inventory is owned by hedge cash and other institutional traders.

About Commercial Automobile Group (Get Ranking)

Professional Auto Team, Inc, alongside one another with its subsidiaries, models, manufactures, creates, and sells parts and assemblies in North The us, Europe, and the Asia-Pacific areas. It operates in 4 segments: Auto Answers, Warehouse Automation, Electrical Systems, and Aftermarket & Components.

Read through Extra

Get a free duplicate of the Zacks investigation report on Professional Auto Team (CVGI)

For additional data about investigation offerings from Zacks Expense Exploration, pay a visit to

Want A lot more Wonderful Investing Ideas?

Obtain Information & Ratings for Business Car Group Everyday – Enter your e-mail deal with under to get a concise every day summary of the most current information and analysts’ rankings for Business Auto Group and connected organizations with’s No cost every day email newsletter.