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S&P 500   3,951.57
DOW   32,244.58
QQQ   305.97
5 Tech Stocks With Bank-Like Dividend Yields
Penny Stock Shows Big Potential (Ad)
Mullen Automotive: Investment? No. Compelling Speculation, Yes 
First Republic Bank Hits New Low, Dimon Pushes for More Cash
Penny Stock Shows Big Potential (Ad)
GBTC: The One Place to Buy Bitcoin for 58 Cents on the Dollar
General Mills Retreats To Buy Zone Ahead Of Earnings 
Penny Stock Shows Big Potential (Ad)
Is Fastenal Setting Up a Furious Flag Breakout?
UBS Buys Failing Credit Suisse: Will It Cause a Fed Pause?
S&P 500   3,951.57
DOW   32,244.58
QQQ   305.97
5 Tech Stocks With Bank-Like Dividend Yields
Penny Stock Shows Big Potential (Ad)
Mullen Automotive: Investment? No. Compelling Speculation, Yes 
First Republic Bank Hits New Low, Dimon Pushes for More Cash
Penny Stock Shows Big Potential (Ad)
GBTC: The One Place to Buy Bitcoin for 58 Cents on the Dollar
General Mills Retreats To Buy Zone Ahead Of Earnings 
Penny Stock Shows Big Potential (Ad)
Is Fastenal Setting Up a Furious Flag Breakout?
UBS Buys Failing Credit Suisse: Will It Cause a Fed Pause?
S&P 500   3,951.57
DOW   32,244.58
QQQ   305.97
5 Tech Stocks With Bank-Like Dividend Yields
Penny Stock Shows Big Potential (Ad)
Mullen Automotive: Investment? No. Compelling Speculation, Yes 
First Republic Bank Hits New Low, Dimon Pushes for More Cash
Penny Stock Shows Big Potential (Ad)
GBTC: The One Place to Buy Bitcoin for 58 Cents on the Dollar
General Mills Retreats To Buy Zone Ahead Of Earnings 
Penny Stock Shows Big Potential (Ad)
Is Fastenal Setting Up a Furious Flag Breakout?
UBS Buys Failing Credit Suisse: Will It Cause a Fed Pause?
NASDAQ:CAAS

China Automotive Systems - CAAS Stock Forecast, Price & News

$5.78
+0.21 (+3.77%)
(As of 03/20/2023 12:00 AM ET)
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Compare
Today's Range
$5.43
$6.09
50-Day Range
$5.57
$9.61
52-Week Range
$2.56
$9.70
Volume
167,671 shs
Average Volume
129,134 shs
Market Capitalization
$177.21 million
P/E Ratio
8.14
Dividend Yield
N/A
Price Target
$6.00

China Automotive Systems MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.8% Upside
$6.00 Price Target
Short Interest
Healthy
2.17% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.47mentions of China Automotive Systems in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.59 out of 5 stars

Auto/Tires/Trucks Sector

84th out of 96 stocks

Motor Vehicle Parts & Accessories Industry

32nd out of 33 stocks


CAAS stock logo

About China Automotive Systems (NASDAQ:CAAS) Stock

China Automotive Systems, Inc. is a holding company, which engages in the manufacture and sale of automotive products, through its subsidiaries. It operates through the following geographical segments: Henglong, Jiulong, Shenyang, Wuhu, Hubei Henglong, Henglong KYB, and Other Entities. It also supplies power steering systems and component. The company was founded on June 29, 1999 and is headquartered in Wuhan, China.

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CAAS Stock News Headlines

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CAAS Company Calendar

Last Earnings
11/12/2021
Today
3/21/2023
Next Earnings (Estimated)
3/29/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Current Symbol
NASDAQ:CAAS
Employees
3,949
Year Founded
2003

Price Target and Rating

Average Stock Price Forecast
$6.00
High Stock Price Forecast
$6.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+3.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$11.05 million
Pretax Margin
4.72%

Debt

Sales & Book Value

Annual Sales
$497.99 million
Cash Flow
$1.28 per share
Book Value
$10.92 per share

Miscellaneous

Free Float
11,100,000
Market Cap
$177.21 million
Optionable
Optionable
Beta
2.46

Social Links


Key Executives

  • Qi Zhou Wu
    Chief Executive Officer & Director
  • Jie Li
    Chief Financial Officer
  • Yie Wong Tse
    Senior Vice President
  • Yi Jun Xia
    Vice President
  • Hai Mian Cai
    Vice President













CAAS Stock - Frequently Asked Questions

Should I buy or sell China Automotive Systems stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for China Automotive Systems in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CAAS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAAS, but not buy additional shares or sell existing shares.
View CAAS analyst ratings
or view top-rated stocks.

What is China Automotive Systems' stock price forecast for 2023?

1 brokerages have issued 12 month target prices for China Automotive Systems' stock. Their CAAS share price forecasts range from $6.00 to $6.00. On average, they expect the company's stock price to reach $6.00 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
View analysts price targets for CAAS
or view top-rated stocks among Wall Street analysts.

How have CAAS shares performed in 2023?

China Automotive Systems' stock was trading at $5.80 on January 1st, 2023. Since then, CAAS shares have decreased by 0.3% and is now trading at $5.78.
View the best growth stocks for 2023 here
.

Are investors shorting China Automotive Systems?

China Automotive Systems saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 228,100 shares, a decrease of 17.7% from the February 13th total of 277,100 shares. Based on an average daily trading volume, of 237,700 shares, the short-interest ratio is currently 1.0 days. Approximately 2.2% of the company's stock are sold short.
View China Automotive Systems' Short Interest
.

When is China Automotive Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 29th 2023.
View our CAAS earnings forecast
.

How were China Automotive Systems' earnings last quarter?

China Automotive Systems, Inc. (NASDAQ:CAAS) released its quarterly earnings results on Friday, November, 12th. The auto parts company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.06. The auto parts company earned $108.23 million during the quarter, compared to the consensus estimate of $119.39 million. China Automotive Systems had a net margin of 4.05% and a trailing twelve-month return on equity of 6.61%. During the same quarter last year, the company posted $0.08 earnings per share.

What ETFs hold China Automotive Systems' stock?

ETFs with the largest weight of China Automotive Systems (NASDAQ:CAAS) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Invesco Golden Dragon China ETF (PGJ).

What is Hanlin Chen's approval rating as China Automotive Systems' CEO?

1 employees have rated China Automotive Systems Chief Executive Officer Hanlin Chen on Glassdoor.com. Hanlin Chen has an approval rating of 100% among the company's employees. This puts Hanlin Chen in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of China Automotive Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other China Automotive Systems investors own include Intelsat (I), Fossil Group (FOSL), Ciena (CIEN), Energy Transfer (ET), Pfizer (PFE), AMC Entertainment (AMC), Bank of America (BAC), Cypress Semiconductor (CY), Advanced Micro Devices (AMD) and Apollo Global Management (APO).

What is China Automotive Systems' stock symbol?

China Automotive Systems trades on the NASDAQ under the ticker symbol "CAAS."

Who are China Automotive Systems' major shareholders?

China Automotive Systems' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (1.19%), Millennium Management LLC (0.99%), Virtu Financial LLC (0.09%), Jane Street Group LLC (0.07%), Susquehanna International Group LLP (0.00%) and Kestra Advisory Services LLC (0.04%).
View institutional ownership trends
.

How do I buy shares of China Automotive Systems?

Shares of CAAS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is China Automotive Systems' stock price today?

One share of CAAS stock can currently be purchased for approximately $5.78.

How much money does China Automotive Systems make?

China Automotive Systems (NASDAQ:CAAS) has a market capitalization of $177.21 million and generates $497.99 million in revenue each year. The auto parts company earns $11.05 million in net income (profit) each year or $0.71 on an earnings per share basis.

How many employees does China Automotive Systems have?

The company employs 3,949 workers across the globe.

How can I contact China Automotive Systems?

China Automotive Systems' mailing address is No. 1 Henglong Road Yu Qiao Development Zone, JingZhou F4, 434000. The official website for the company is www.caasauto.com. The auto parts company can be reached via phone at 862787570027, via email at caas@compassbell.com, or via fax at 86-71-6832-9298.

This page (NASDAQ:CAAS) was last updated on 3/21/2023 by MarketBeat.com Staff