Canaccord Genuity Keeps a Buy Rating on CPI Aerostructures


In a report released today, Kenneth Herbert from Canaccord Genuity maintained a Buy rating on CPI Aerostructures (NYSE MKT: CVU), with a price target of $12. The company’s shares opened today at $10.

According to TipRanks.com, Herbert is a 5-star analyst with an average return of 12.3% and a 64.6% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Spirit AeroSystems, and Rockwell Collins.

CPI Aerostructures has an analyst consensus of Moderate Buy, with a price target consensus of $12.

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The company has a one-year high of $10.80 and a one-year low of $6.85. Currently, CPI Aerostructures has an average volume of 28.4K.

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CPI Aerostructures, Inc. engages in the manufacture and supply of structural aircraft parts and aerosystems for fixed wing aircraft and helicopters in both the commercial and defense markets. It provides engineering, program management, supply chain management, and overhaul services.

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