Zacks: Analysts Set $10.00 Price Target for Sorl Auto Parts, Inc. (SORL)
Sorl Auto Parts, Inc. (NASDAQ:SORL) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus target price of $10.00 for the company and are predicting that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also assigned Sorl Auto Parts an industry rank of 107 out of 265 based on the ratings given to related companies.
Several brokerages have recently weighed in on SORL. ValuEngine upgraded Sorl Auto Parts from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 17th. Zacks Investment Research upgraded Sorl Auto Parts from a “hold” rating to a “strong-buy” rating and set a $7.50 price target on the stock in a research report on Friday, November 24th. Finally, TheStreet upgraded Sorl Auto Parts from a “c+” rating to a “b-” rating in a research report on Wednesday, November 29th.
Sorl Auto Parts (SORL) traded down $0.03 during midday trading on Friday, reaching $7.18. 197,998 shares of the company’s stock traded hands, compared to its average volume of 356,115. The stock has a market capitalization of $138.61, a P/E ratio of 4.66 and a beta of 1.98. Sorl Auto Parts has a 1-year low of $2.68 and a 1-year high of $9.74.
Sorl Auto Parts (NASDAQ:SORL) last released its quarterly earnings data on Tuesday, November 14th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.26. The business had revenue of $101.33 million for the quarter, compared to the consensus estimate of $63.84 million. Sorl Auto Parts had a net margin of 8.54% and a return on equity of 16.79%. During the same period in the prior year, the firm earned $0.17 earnings per share. analysts anticipate that Sorl Auto Parts will post 1.58 earnings per share for the current fiscal 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sorl Auto Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sorl Auto Parts and related companies with MarketBeat.com's FREE daily email newsletter.