SORL Auto Parts, Inc. (NASDAQ:SORL) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a 1 year consensus price objective of $8.00 for the company and are anticipating that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned SORL Auto Parts an industry rank of 71 out of 265 based on the ratings given to related companies.

SORL has been the topic of several research analyst reports. Greenridge Global raised shares of SORL Auto Parts from a “hold” rating to a “buy” rating and increased their target price for the stock from $4.50 to $6.00 in a research note on Friday, March 31st. Zacks Investment Research lowered shares of SORL Auto Parts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine raised shares of SORL Auto Parts from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd.

WARNING: “SORL Auto Parts, Inc. (SORL) Given Average Recommendation of “Strong Buy” by Brokerages” was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at

An institutional investor recently raised its position in SORL Auto Parts stock. California Public Employees Retirement System boosted its stake in shares of SORL Auto Parts, Inc. (NASDAQ:SORL) by 226.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,200 shares of the company’s stock after buying an additional 37,600 shares during the period. California Public Employees Retirement System owned approximately 0.28% of SORL Auto Parts worth $209,000 at the end of the most recent reporting period. Institutional investors own 6.27% of the company’s stock.

SORL Auto Parts (SORL) opened at 8.18 on Thursday. The stock’s 50 day moving average is $7.62 and its 200-day moving average is $4.81. The company has a market capitalization of $157.91 million, a PE ratio of 6.14 and a beta of 1.56. SORL Auto Parts has a 12 month low of $1.72 and a 12 month high of $9.74.

SORL Auto Parts (NASDAQ:SORL) last issued its earnings results on Monday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.21. The business had revenue of $73.90 million for the quarter, compared to analyst estimates of $71.76 million. SORL Auto Parts had a net margin of 8.80% and a return on equity of 15.84%. During the same period in the prior year, the firm earned $0.02 earnings per share. On average, analysts expect that SORL Auto Parts will post $1.29 EPS for the current year.

SORL Auto Parts Company Profile

SORL Auto Parts, Inc, through its interests in the Ruili Group Ruian Auto Parts Co, Ltd., a Sino-foreign joint venture (Joint Venture), develops, manufactures and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers (OEMs), and the related aftermarket both in China and abroad.

Get a free copy of the Zacks research report on SORL Auto Parts (SORL)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for SORL Auto Parts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SORL Auto Parts Inc. and related companies with's FREE daily email newsletter.