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Commercial Vehicle Group (CVGI) Receives a Rating Update from a Top Analyst

In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Commercial Vehicle Group (CVGIResearch Report), with a price target of $10.00. The company’s shares closed today at $5.95.

According to TipRanks, Prestopino is a top 100 analyst with an average return of 29.8% and a 56.94% success rate. Prestopino covers the Technology sector, focusing on stocks such as Cars, CCC Intelligent Solutions Holdings, and PowerFleet.

Currently, the analyst consensus on Commercial Vehicle Group is a Moderate Buy with an average price target of $10.00.

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Based on Commercial Vehicle Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $250.85 million and a net profit of $2.49 million. In comparison, last year the company earned a revenue of $257.94 million and had a net profit of $5.1 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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