Commercial Vehicle Group (NASDAQ:CVGI) Raised to Buy at

Business Automobile Team (NASDAQ:CVGIGet Rating) was upgraded by from a “hold” ranking to a “buy” ranking in a investigate be aware issued on Tuesday.

Various other investigate analysts have also a short while ago weighed in on the stock. Barrington Investigate restated a “buy” ranking and set a $14.00 value goal on shares of Professional Motor vehicle Team in a report on Friday, May perhaps 6th. Zacks Expense Study decreased shares of Business Car or truck Group from a “buy” rating to a “hold” rating in a exploration report on Wednesday, May perhaps 18th.

CVGI traded up $.16 throughout midday buying and selling on Tuesday, hitting $7.07. The corporation had a buying and selling volume of 212,052 shares, compared to its average quantity of 165,916. The enterprise has a industry capitalization of $232.93 million, a price-to-earnings ratio of 11.98, a PEG ratio of .36 and a beta of 3.27. The stock’s 50 working day transferring typical cost is $7.14 and its 200 day relocating common cost is $7.78. Professional Motor vehicle Group has a 52 7 days low of $6.00 and a 52 week higher of $11.93. The company has a brief ratio of 1.46, a current ratio of 2.32 and a credit card debt-to-fairness ratio of 1.59.

Commercial Automobile Group (NASDAQ:CVGIGet Rating) past issued its quarterly earnings knowledge on Wednesday, Could 4th. The organization reported $.16 earnings for every share (EPS) for the quarter, conference analysts’ consensus estimates of $.16. Professional Car Group had a net margin of 1.98% and a return on fairness of 22.91%. The firm had profits of $244.37 million during the quarter, compared to analysts’ expectations of $228.97 million. Analysis analysts forecast that Industrial Automobile Team will submit .93 EPS for the current 12 months.

Hedge funds and other institutional traders have just lately bought and bought shares of the firm. Forager Capital Administration LLC purchased a new stake in shares of Business Automobile Team in the 4th quarter valued at $8,726,000. Wellington Administration Group LLP boosted its position in Professional Car or truck Team by 53.4% through the 3rd quarter. Wellington Administration Team LLP now owns 1,105,819 shares of the company’s inventory valued at $10,461,000 immediately after purchasing an extra 384,900 shares during the time period. Royce & Associates LP boosted its place in Business Car or truck Group by 24.2% during the 1st quarter. Royce & Associates LP now owns 1,515,273 shares of the company’s inventory valued at $12,804,000 right after buying an added 295,290 shares during the interval. Polar Asset Administration Associates Inc. boosted its placement in Commercial Auto Team by 16.2% throughout the 1st quarter. Polar Asset Administration Partners Inc. now owns 1,763,132 shares of the company’s stock valued at $14,898,000 soon after purchasing an added 245,838 shares all through the period. At last, Invesco Ltd. boosted its place in Industrial Car Group by 167.4% all through the 1st quarter. Invesco Ltd. now owns 264,352 shares of the company’s stock valued at $2,234,000 right after getting an further 165,476 shares during the period of time. 59.49% of the inventory is at present owned by institutional investors.

About Business Auto Group (Get Score)

Industrial Vehicle Team, Inc, together with its subsidiaries, types, manufactures, produces, and sells factors and assemblies in North The usa, Europe, and the Asia-Pacific regions. It operates in four segments: Auto Answers, Warehouse Automation, Electrical Devices, and Aftermarket & Components.

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