China Automotive Systems, Inc. (NASDAQ:CAAS) 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 investment analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus price objective of $8.00 for the company and are predicting that the company will post $0.21 EPS for the current quarter, according to Zacks. Zacks has also assigned China Automotive Systems an industry rank of 80 out of 265 based on the ratings given to its competitors.
A number of equities research analysts recently weighed in on the stock. ValuEngine upgraded shares of China Automotive Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th. Zacks Investment Research lowered shares of China Automotive Systems from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st.
China Automotive Systems (NASDAQ CAAS) opened at $4.68 on Thursday. The stock has a market cap of $145.88, a price-to-earnings ratio of 5.85 and a beta of 2.38. China Automotive Systems has a fifty-two week low of $4.30 and a fifty-two week high of $5.90.
China Automotive Systems (NASDAQ:CAAS) last announced its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). China Automotive Systems had a net margin of 5.05% and a return on equity of 7.93%. The company had revenue of $118.37 million for the quarter, compared to analyst estimates of $112.41 million. equities research analysts forecast that China Automotive Systems will post 0.83 earnings per share for the current fiscal year.
China Automotive Systems Company Profile
China Automotive Systems, Inc, (China Automotive) is a holding company. The Company, through its subsidiary, Great Genesis Holdings Limited (Genesis), owns interests in over eight Sino-joint ventures and over five subsidiaries in the People’s Republic of China (PRC), which manufacture power steering systems and/or related products for various segments of the automobile industry.
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