China Automotive Systems Inc. (NASDAQ:CAAS) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus target price of $7.50 for the company and are predicting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also assigned China Automotive Systems an industry rank of 98 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of China Automotive Systems from a “sell” rating to a “hold” rating in a report on Monday.
An institutional investor recently bought a new position in China Automotive Systems stock. Chartwell Investment Partners LLC acquired a new position in China Automotive Systems Inc. (NASDAQ:CAAS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 421,070 shares of the company’s stock, valued at approximately $1,360,000. Chartwell Investment Partners LLC owned about 1.31% of China Automotive Systems as of its most recent filing with the SEC. 4.86% of the stock is owned by institutional investors and hedge funds.
Shares of China Automotive Systems (NASDAQ:CAAS) traded down 0.1913% during mid-day trading on Tuesday, hitting $3.9125. 7,828 shares of the stock were exchanged. The stock has a market capitalization of $125.22 million, a price-to-earnings ratio of 5.6703 and a beta of 2.33. China Automotive Systems has a 52 week low of $3.10 and a 52 week high of $6.31. The stock’s 50-day moving average is $4.02 and its 200-day moving average is $3.92.
China Automotive Systems (NASDAQ:CAAS) last released its quarterly earnings results on Thursday, August 11th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.03. China Automotive Systems had a net margin of 5.19% and a return on equity of 7.20%. The firm had revenue of $101 million for the quarter, compared to the consensus estimate of $107.58 million. During the same period in the previous year, the business earned $0.24 earnings per share. Analysts forecast that China Automotive Systems will post $0.64 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for China Automotive Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Automotive Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.