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Commercial Vehicle Group (CVGI) Receives a Buy from Colliers Securities

In a report released today, Richard Ryan from Colliers Securities maintained a Buy rating on Commercial Vehicle Group (CVGIResearch Report), with a price target of $17.00. The company’s shares closed last Wednesday at $7.96, close to its 52-week low of $6.92.

According to TipRanks.com, Ryan is a 3-star analyst with an average return of 2.4% and a 45.0% success rate. Ryan covers the Technology sector, focusing on stocks such as Allied Motion Technologies, Vishay Precision Group, and Digi International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Commercial Vehicle Group with a $16.00 average price target.

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Based on Commercial Vehicle Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $240 million and net profit of $7.51 million. In comparison, last year the company earned revenue of $188 million and had a net profit of $4.18 million.

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Commercial Vehicle Group, Inc. engages in the supply of cab related products and systems for the global commercial vehicle markets, including medium-and heavy-duty truck market, medium and heavy-construction vehicle market, military, bus and agriculture, specialty transportation, and recreational. It operates through Electrical Systems and Global Seating Segment. The Electrical Systems Segment includes electrical wire harnesses and panel assemblies, trim systems and components (Trim), cab structures and sleeper boxes, mirrors, wipers and controls. The Global Seating Segment includes seats and seating systems (Seats), office seating, and aftermarket seats and components. The company was founded in 2000 and is headquartered in New Albany, OH.

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