The stock of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) hit a new 52-week high and has $9.47 target or 61.00% above today’s $5.88 share price. The 6 months bullish chart indicates low risk for the $182.57 million company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $9.47 price target is reached, the company will be worth $111.37 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 112,199 shares traded hands. Commercial Vehicle Group, Inc. (NASDAQ:CVGI) has risen 130.28% since February 29, 2016 and is uptrending. It has outperformed by 118.06% the S&P500.
Analysts await Commercial Vehicle Group, Inc. (NASDAQ:CVGI) to report earnings on November, 2. They expect $0.03 earnings per share, down 70.00% or $0.07 from last year’s $0.1 per share. CVGI’s profit will be $931,480 for 49.00 P/E if the $0.03 EPS becomes a reality. After $0.10 actual earnings per share reported by Commercial Vehicle Group, Inc. for the previous quarter, Wall Street now forecasts -70.00% negative EPS growth.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.06, from 1.08 in 2016Q1. The ratio is negative, as 19 funds sold all Commercial Vehicle Group, Inc. shares owned while 26 reduced positions. 21 funds bought stakes while 25 increased positions. They now own 14.96 million shares or 26.49% less from 20.35 million shares in 2016Q1.
California Public Employees Retirement Sys reported 124,200 shares or 0% of all its holdings. Jacobs Levy Equity owns 109,392 shares or 0.01% of their US portfolio. Blackrock Inv Mngmt has invested 0% of its portfolio in Commercial Vehicle Group, Inc. (NASDAQ:CVGI). Goldman Sachs Gru Incorporated holds 0% or 100,303 shares in its portfolio. The Massachusetts-based Rutabaga Capital Mgmt Llc Ma has invested 1.44% in Commercial Vehicle Group, Inc. (NASDAQ:CVGI). Acadian Asset Ltd Liability has invested 0.01% of its portfolio in Commercial Vehicle Group, Inc. (NASDAQ:CVGI). The Connecticut-based Paloma Prtn Mgmt has invested 0.01% in Commercial Vehicle Group, Inc. (NASDAQ:CVGI). The Texas-based Smith Asset Mngmt Ltd Partnership has invested 0.01% in Commercial Vehicle Group, Inc. (NASDAQ:CVGI). Menta Capital Limited Liability Company has 292,174 shares for 0.21% of their US portfolio. Grt Capital Prtn Limited Liability Company reported 23,928 shares or 0.03% of all its holdings. Connor Clark & Lunn Ltd owns 26,600 shares or 0% of their US portfolio. Springbok Cap Mngmt Ltd Liability owns 21,500 shares or 0.02% of their US portfolio. Morgan Stanley last reported 442,204 shares in the company. Deutsche Commercial Bank Ag owns 84,226 shares or 0% of their US portfolio. Neuberger Berman Group Limited Liability Com accumulated 0% or 20,000 shares.
More notable recent Commercial Vehicle Group, Inc. (NASDAQ:CVGI) news were published by: Finance.Yahoo.com which released: “Commercial Vehicle Group Awarded Caterpillar Platinum Certification” on September 29, 2016, also Prnewswire.com with their article: “Commercial Vehicle Group (CVG) Participates in the 65th Internationale …” published on September 20, 2016, Prnewswire.com published: “Commercial Vehicle Group to Present at 2016 Deutsche Bank Leveraged Finance …” on September 07, 2016. More interesting news about Commercial Vehicle Group, Inc. (NASDAQ:CVGI) were released by: Zacks.com and their article: “Can The Uptrend Continue for Commercial Vehicle Group (CVGI)?” published on September 01, 2016 as well as Prnewswire.com‘s news article titled: “Commercial Vehicle Group’s National Seating Brand Introduces Corsairâ„¢ Seat” with publication date: February 09, 2016.
CVGI Company Profile
Commercial Vehicle Group, Inc., incorporated on August 23, 2000, is a supplier of a range of cab-related products and systems. The Firm operates through two divisions: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment makes and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems. The GCA Segment makes and sells the products, which include Electronic wire harness assemblies and Seats, Wiper systems, Office seating, and Aftermarket seats and components.
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