China Automotive Systems Stock Forecast, Price & News

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. The consensus among Wall Street analysts is that investors should "buy" China Automotive Systems stock.
View analyst ratings for China Automotive Systems or view top-rated stocks.

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China Automotive Systems is scheduled to release its next quarterly earnings announcement on Thursday, November 11th 2021.
View our earnings forecast for China Automotive Systems.

China Automotive Systems, Inc. (NASDAQ:CAAS) issued its earnings results on Wednesday, August, 11th. The auto parts company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. The auto parts company earned $120.60 million during the quarter, compared to the consensus estimate of $118.18 million. China Automotive Systems had a trailing twelve-month return on equity of 2.85% and a net margin of 1.08%.
View China Automotive Systems' earnings history.

China Automotive Systems' stock was trading at $1.7038 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CAAS stock has increased by 99.0% and is now trading at $3.39.
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China Automotive Systems announced that its board has initiated a stock buyback plan on Tuesday, August 25th 2020, which permits the company to repurchase $5,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

1 Wall Street analysts have issued twelve-month price objectives for China Automotive Systems' shares. Their forecasts range from $6.00 to $6.00. On average, they anticipate China Automotive Systems' share price to reach $6.00 in the next year. This suggests a possible upside of 77.0% from the stock's current price.
View analysts' price targets for China Automotive Systems or view top-rated stocks among Wall Street analysts.

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

Some companies that are related to China Automotive Systems include Garrett Motion (GTXMQ), Cooper-Standard (CPS), Motorcar Parts of America (MPAA), Commercial Vehicle Group (CVGI), AEye (LIDR), CF Finance Acquisition Corp. III (CFAC), Horizon Global (HZN), Superior Industries International (SUP), Strattec Security (STRT), Innoviz Technologies (INVZ), ADOMANI (ADOM), Worksport (WKSP), China Zenix Auto International (ZXAIY), Regency Affiliates (RAFI) and Unique Fabricating (UFAB).
View all of CAAS's competitors.

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 many different retail and institutional investors. Top institutional shareholders include Marshall Wace LLP (0.49%), Marshall Wace LLP (0.49%), Millennium Management LLC (0.19%), Hanson & Doremus Investment Management (0.09%), Invesco Ltd. (0.06%) and Susquehanna International Group LLP (0.00%).
View institutional ownership trends for China Automotive Systems.

CAAS stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Marshall Wace LLP, Group One Trading L.P., Susquehanna International Group LLP, Invesco Ltd., and Cutler Group LP.
View insider buying and selling activity for China Automotive Systems or view top insider-selling stocks.

CAAS stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Simplex Trading LLC, Morgan Stanley, Morgan Stanley, and Hanson & Doremus Investment Management.
View insider buying and selling activity for China Automotive Systems or or view top insider-buying stocks.

Shares of CAAS 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 $3.39.

China Automotive Systems has a market capitalization of $104.59 million and generates $417.64 million in revenue each year. The auto parts company earns $-4,980,000.00 in net income (profit) each year or ($0.05) on an earnings per share basis.

China Automotive Systems employs 4,688 workers across the globe.

China Automotive Systems was founded in 2003.

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

China Automotive Systems is headquartered at No. 1 Henglong Road Yu Qiao Development Zone, JingZhou F4, 434000.

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 862787570027 or via email at [email protected]