Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Commercial Vehicle Group Inc (NASDAQ: CVGI) improved during the last several trading days. CVGI’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Commercial Vehicle Group Inc (NASDAQ: CVGI) stock closed at $3.26 on 10/11/24 after a very large increase of 8.3%. NORMAL trading volume accompanied the advance. The stock has risen 4.5% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CVGI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Commercial Vehicle Group has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Commercial Vehicle Group has a good Appreciation Score of 85 but a very low Power Rating of 5, leading to the Low Neutral Value Trend Rating.
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