China Automotive Systems - CAAS Stock Forecast, Price & News

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.

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.

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.

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.

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

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.

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).

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.

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).

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

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.

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

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.

The company employs 3,949 workers across the globe.

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.