China Automotive Systems, Inc. (NASDAQ:CAAS) has earned 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 research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus target price of $7.50 for the company and are expecting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also assigned China Automotive Systems an industry rank of 43 out of 265 based on the ratings given to related companies.
A number of analysts recently commented on the stock. ValuEngine upgraded shares of China Automotive Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 16th. Zacks Investment Research downgraded shares of China Automotive Systems from a “hold” rating to a “sell” rating in a report on Wednesday, April 5th. Finally, Greenridge Global upgraded shares of China Automotive Systems from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a report on Wednesday, April 5th.
China Automotive Systems (CAAS) traded up 0.21% during mid-day trading on Friday, hitting $4.85. 2,134 shares of the stock traded hands. China Automotive Systems has a 12-month low of $3.16 and a 12-month high of $7.96. The firm has a market cap of $153.47 million, a PE ratio of 6.93 and a beta of 2.22. The stock has a 50 day moving average price of $4.91 and a 200 day moving average price of $5.05.
China Automotive Systems (NASDAQ:CAAS) last released its earnings results on Thursday, May 11th. The auto parts company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.01. China Automotive Systems had a return on equity of 7.27% and a net margin of 4.86%. The business had revenue of $119.31 million during the quarter, compared to the consensus estimate of $118.36 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. On average, analysts expect that China Automotive Systems will post $0.72 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Stuyvesant Capital Management raised its stake in China Automotive Systems by 4.0% in the first quarter. Stuyvesant Capital Management now owns 41,807 shares of the auto parts company’s stock worth $209,000 after buying an additional 1,600 shares in the last quarter. First Manhattan Co. raised its stake in China Automotive Systems by 41.6% in the first quarter. First Manhattan Co. now owns 41,850 shares of the auto parts company’s stock worth $173,000 after buying an additional 12,300 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in China Automotive Systems by 39.1% in the fourth quarter. Renaissance Technologies LLC now owns 583,333 shares of the auto parts company’s stock worth $3,127,000 after buying an additional 163,910 shares in the last quarter. Institutional investors and hedge funds own 4.91% of the company’s stock.
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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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