China Automotive Systems Stock Forecast, Price & News

China Automotive Systems' stock was trading at $1.7038 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CAAS shares have increased by 76.1% and is now trading at $3.00.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for China Automotive Systems in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
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China Automotive Systems is scheduled to release its next quarterly earnings announcement on Tuesday, November 10th 2020.
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China Automotive Systems, Inc. (NASDAQ:CAAS) released its quarterly earnings data on Friday, August, 14th. The auto parts company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.04) by $0.09. The auto parts company had revenue of $83.18 million for the quarter, compared to analyst estimates of $87.03 million. China Automotive Systems had a net margin of 0.51% and a return on equity of 0.62%. During the same quarter last year, the firm earned $0.08 EPS.
View China Automotive Systems' earnings history.

China Automotive Systems announced that its board has authorized a stock buyback program on Tuesday, August 25th 2020, which allows the company to repurchase $5,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

China Automotive Systems issued an update on its FY 2020 Pre-Market earnings guidance on Friday, August, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $360-360 million, compared to the consensus revenue estimate of $392.89 million.

1 analysts have issued twelve-month target prices for China Automotive Systems' stock. Their forecasts range from $5.00 to $5.00. On average, they expect China Automotive Systems' stock price to reach $5.00 in the next year. This suggests a possible upside of 66.7% from the stock's current price.
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China Automotive Systems saw a decrease in short interest in the month of October. As of October 15th, there was short interest totaling 30,400 shares, a decrease of 31.8% from the September 30th total of 44,600 shares. Based on an average daily volume of 116,100 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold.
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Some companies that are related to China Automotive Systems include Lydall (LDL), Modine Manufacturing (MOD), Iochpe-Maxion (IOCJY), Motorcar Parts of America (MPAA), Garrett Motion (GTXMQ), Garrett Motion (GTX), Cooper-Standard (CPS), Commercial Vehicle Group (CVGI), Horizon Global (HZN), Strattec Security (STRT), Unique Fabricating (UFAB), Superior Industries International (SUP), Unique Fabricating (UFAB), Regency Affiliates (RAFI) and ADOMANI (ADOM).
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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."

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

One share of CAAS stock can currently be purchased for approximately $3.00.

China Automotive Systems has a market capitalization of $93.52 million and generates $431.43 million in revenue each year. The auto parts company earns $9.96 million in net income (profit) each year or $0.32 on an earnings per share basis. China Automotive Systems employs 4,039 workers across the globe.

The official website for China Automotive Systems is www.caasauto.com.

China Automotive Systems' mailing address is No. 1 Henglong Road Yu Qiao Development Zone, JingZhou F4, 434000. The auto parts company can be reached via phone at 86-71-6412-7901 or via email at [email protected]