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S&P 500   3,647.29
DOW   29,134.99
QQQ   274.48
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
Sell every Stock except ONE (Ad)
Is There Value In These Growth Stocks?
MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
Sell every Stock except ONE (Ad)
Build A Better Tech Portfolio With Jabil Inc.
US stocks end mixed a day after Dow entered a bear market
Sell every Stock except ONE (Ad)
Autodesk Is A Mature Company Still Acting Like A Growth Stock
Leaks on Russian gas pipelines raise concerns about sabotage
S&P 500   3,647.29
DOW   29,134.99
QQQ   274.48
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
Sell every Stock except ONE (Ad)
Is There Value In These Growth Stocks?
MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
Sell every Stock except ONE (Ad)
Build A Better Tech Portfolio With Jabil Inc.
US stocks end mixed a day after Dow entered a bear market
Sell every Stock except ONE (Ad)
Autodesk Is A Mature Company Still Acting Like A Growth Stock
Leaks on Russian gas pipelines raise concerns about sabotage
S&P 500   3,647.29
DOW   29,134.99
QQQ   274.48
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
Sell every Stock except ONE (Ad)
Is There Value In These Growth Stocks?
MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
Sell every Stock except ONE (Ad)
Build A Better Tech Portfolio With Jabil Inc.
US stocks end mixed a day after Dow entered a bear market
Sell every Stock except ONE (Ad)
Autodesk Is A Mature Company Still Acting Like A Growth Stock
Leaks on Russian gas pipelines raise concerns about sabotage
NASDAQ:CAAS

China Automotive Systems - CAAS Stock Forecast, Price & News

$4.03
-0.06 (-1.47%)
(As of 09/27/2022 12:00 AM ET)
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Compare
Today's Range
$4.00
$4.17
50-Day Range
$2.78
$4.79
52-Week Range
$2.20
$5.12
Volume
60,890 shs
Average Volume
63,285 shs
Market Capitalization
$123.57 million
P/E Ratio
8.76
Dividend Yield
N/A
Price Target
$6.00

China Automotive Systems MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
48.9% Upside
$6.00 Price Target
Short Interest
Healthy
0.52% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.37mentions of China Automotive Systems in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-25.00%
From $0.40 to $0.30 Per Share

Overall MarketRank

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

2.37 out of 5 stars

Auto/Tires/Trucks Sector

35th out of 109 stocks

Motor Vehicle Parts & Accessories Industry

18th out of 36 stocks

CAAS stock logo

About China Automotive Systems (NASDAQ:CAAS) Stock

China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic and hydraulic power steering systems and parts. The company also offers automotive motors and electromechanical integrated systems; polymer materials; and intelligent automotive technology research and development services. In addition, it provides after sales services, and research and development support services, as well as markets automotive parts in North America and Brazil. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. was incorporated in 1999 and is headquartered in Jingzhou, the People's Republic of China.

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CAAS Stock News Headlines

CAAS China Automotive Systems, Inc.
10 Rebounding Chinese Stocks to Buy Now
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CAAS Company Calendar

Last Earnings
11/12/2021
Today
9/27/2022
Next Earnings (Estimated)
11/11/2022
Fiscal Year End
12/31/2022

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
+48.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$11.05 million
Pretax Margin
3.40%

Debt

Sales & Book Value

Annual Sales
$497.99 million
Cash Flow
$1.32 per share
Book Value
$10.92 per share

Miscellaneous

Free Float
11,100,000
Market Cap
$123.57 million
Optionable
Optionable
Beta
2.21

Social Links


Key Executives

  • Mr. Hanlin Chen (Age 65)
    Chairman & Exec. Officer
    Comp: $495k
  • Mr. Qizhou Wu (Age 58)
    Pres, CEO & Director
    Comp: $330k
  • Mr. Jie Li (Age 52)
    Chief Financial Officer
    Comp: $198k
  • Kevin Theiss
    Mang. of Investor Relations
  • Mr. Yiu Wong Tse (Age 51)
    Sr. VP
  • Mr. Richard Gills
    Pres of California Division
  • Ms. Na Wei
    Sec.













CAAS Stock - Frequently Asked Questions

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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for China Automotive Systems in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CAAS shares.
View CAAS analyst ratings
or view top-rated stocks.

What is China Automotive Systems' stock price forecast for 2022?

1 equities research analysts 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 predict the company's share price to reach $6.00 in the next year. This suggests a possible upside of 48.9% 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 2022?

China Automotive Systems' stock was trading at $2.68 on January 1st, 2022. Since then, CAAS stock has increased by 50.4% and is now trading at $4.03.
View the best growth stocks for 2022 here
.

When is China Automotive Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 11th 2022.
View our CAAS earnings forecast
.

How were China Automotive Systems' earnings last quarter?

China Automotive Systems, Inc. (NASDAQ:CAAS) issued its quarterly earnings results on Friday, November, 12th. The auto parts company reported ($0.01) EPS 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 analyst estimates of $119.39 million. China Automotive Systems had a net margin of 2.75% and a trailing twelve-month return on equity of 4.22%. During the same period in the previous year, the business posted $0.08 EPS.

What guidance has China Automotive Systems issued on next quarter's earnings?

China Automotive Systems issued an update on its FY 2022 earnings guidance on Friday, September, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $500.00 million-$500.00 million, compared to the consensus revenue estimate of $492.83 million.

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 variety of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (1.28%), Millennium Management LLC (0.11%) and Concourse Financial Group Securities Inc. (0.00%).
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 $4.03.

How much money does China Automotive Systems make?

China Automotive Systems (NASDAQ:CAAS) has a market capitalization of $123.57 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 $0.46 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 9/28/2022 by MarketBeat.com Staff

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