CPI Aerostructures Gets a Hold Rating from Noble Financial

By Carrie Williams

In a report released yesterday, Ben Klieve from Noble Financial assigned a Hold rating to CPI Aerostructures (NYSE MKT: CVU). The company’s shares opened today at $10.

According to TipRanks.com, Klieve is a 1-star analyst with an average return of -4.8% and a 42.1% success rate. Klieve covers the Consumer Goods sector, focusing on stocks such as Albany International Corp, Faro Technologies, and Engility Holdings.

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

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Based on CPI Aerostructures’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $1.26 million. In comparison, last year the company had a net profit of $1.25 million.

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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.