Nike (NKE) At $55.98 Forms Bottom; Commercial Vehicle Group (CVGI) Sentiment Is 1.74

November 15, 2017 - By Dolores Ford

Commercial Vehicle Group, Inc. is a supplier of a range of cab-related products and systems. The company has market cap of $308.29 million. The Firm operates through two divisions: the Global Truck and Bus Segment and the Global Construction and Agriculture Segment (GCA Segment). It has a 50.8 P/E ratio. 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.

Nike Inc (NKE) formed multiple bottom with $54.30 target or 3.00% below today’s $55.98 share price. Nike Inc (NKE) has $91.33B valuation. The stock increased 0.16% or $0.09 during the last trading session, reaching $55.98. About shares traded. Nike Inc (NYSE:NKE) has declined 9.24% since November 15, 2016 and is downtrending. It has underperformed by 25.94% the S&P500.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 24 have Buy rating, 2 Sell and 18 Hold. Therefore 55% are positive. Nike Inc. has $156.0 highest and $42.0 lowest target. $70.21’s average target is 25.42% above currents $55.98 stock price. Nike Inc. had 194 analyst reports since July 29, 2015 according to SRatingsIntel. Goldman Sachs downgraded Nike Inc (NYSE:NKE) rating on Wednesday, December 2. Goldman Sachs has “Buy” rating and $148 target. On Thursday, March 23 the stock rating was maintained by Piper Jaffray with “Neutral”. As per Wednesday, September 27, the company rating was maintained by Stifel Nicolaus. As per Friday, April 7, the company rating was maintained by Piper Jaffray. Oppenheimer initiated Nike Inc (NYSE:NKE) on Tuesday, October 25 with “Perform” rating. The rating was maintained by DA Davidson with “Buy” on Wednesday, September 28. The rating was maintained by Oppenheimer with “Hold” on Thursday, March 23. As per Wednesday, September 27, the company rating was maintained by Nomura. The firm has “Hold” rating given on Wednesday, September 27 by Jefferies. The rating was maintained by Piper Jaffray with “Hold” on Friday, June 30.

Analysts await Nike Inc (NYSE:NKE) to report earnings on December, 19. They expect $0.39 earnings per share, down 22.00% or $0.11 from last year’s $0.5 per share. NKE’s profit will be $636.28M for 35.88 P/E if the $0.39 EPS becomes a reality. After $0.57 actual earnings per share reported by Nike Inc for the previous quarter, Wall Street now forecasts -31.58% negative EPS growth.

Since June 1, 2017, it had 0 insider buys, and 1 sale for $3.66 million activity. 69,300 shares were sold by PARKER MARK G, worth $3.66M.

Investors sentiment decreased to 1 in Q2 2017. Its down 0.07, from 1.07 in 2017Q1. It worsened, as 82 investors sold Nike Inc shares while 439 reduced holdings. 110 funds opened positions while 410 raised stakes. 994.42 million shares or 3.48% less from 1.03 billion shares in 2017Q1 were reported. Argi Invest Services Ltd Liability reported 8,474 shares or 0.04% of all its holdings. 33,000 are owned by Gfs Advsrs Limited Liability Corporation. Investec Asset Mngmt Limited holds 0.04% of its portfolio in Nike Inc (NYSE:NKE) for 143,610 shares. Tru Co Of Virginia Va has 0.1% invested in Nike Inc (NYSE:NKE) for 10,710 shares. Wellington Shields Cap Management Limited Com invested in 38,256 shares or 0.37% of the stock. Ci Invests Inc holds 0.67% of its portfolio in Nike Inc (NYSE:NKE) for 1.05 million shares. The North Carolina-based Piedmont Inv Advsrs Lc has invested 0.37% in Nike Inc (NYSE:NKE). Addenda Cap has 0.87% invested in Nike Inc (NYSE:NKE) for 199,260 shares. Rmb Cap Management Ltd holds 0.18% of its portfolio in Nike Inc (NYSE:NKE) for 106,072 shares. The California-based Lederer & Assoc Inv Counsel Ca has invested 0.34% in Nike Inc (NYSE:NKE). Vermont-based Manchester Lc has invested 0.05% in Nike Inc (NYSE:NKE). Winch Advisory Ser holds 797 shares. Security National Bank Of So Dak owns 2.8% invested in Nike Inc (NYSE:NKE) for 40,636 shares. First Bancshares Of Hutchinson owns 7,876 shares or 0.3% of their US portfolio. 117,958 are owned by Epoch Investment Ptnrs Inc.

It closed at $10 lastly. It is down 181.79% since November 15, 2016 and is uptrending. It has outperformed by 165.09% the S&P500.

Ironwood Investment Management Llc holds 1.59% of its portfolio in Commercial Vehicle Group, Inc. for 260,190 shares. Rockshelter Capital Management Llc owns 529,354 shares or 1.36% of their US portfolio. Moreover, Eagle Boston Investment Management Inc has 0.94% invested in the company for 1.02 million shares. The Massachusetts-based Aristotle Capital Boston Llc has invested 0.83% in the stock. Weber Alan W, a New York-based fund reported 67,322 shares.

Analysts await Commercial Vehicle Group, Inc. (NASDAQ:CVGI) to report earnings on March, 8. They expect $0.13 earnings per share, up 550.00% or $0.11 from last year’s $0.02 per share. CVGI’s profit will be $4.01 million for 19.23 P/E if the $0.13 EPS becomes a reality. After $0.16 actual earnings per share reported by Commercial Vehicle Group, Inc. for the previous quarter, Wall Street now forecasts -18.75% negative EPS growth.

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