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 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CAAS shares.
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1 brokers have issued 1-year price targets for China Automotive Systems' shares. Their CAAS share price forecasts range from $6.00 to $6.00. On average, they predict the company's stock price to reach $6.00 in the next year. This suggests a possible upside of 46.7% from the stock's current price.
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China Automotive Systems' stock was trading at $2.68 at the beginning of the year. Since then, CAAS stock has increased by 52.6% and is now trading at $4.09.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 11th 2022.
View our CAAS earnings forecast.

China Automotive Systems, Inc. (NASDAQ:CAAS) announced its earnings results on Friday, November, 12th. The auto parts company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates 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 2.75% and a trailing twelve-month return on equity of 4.22%. During the same period in the prior year, the firm posted $0.08 earnings per share.

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.

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 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%).
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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 $4.09.

China Automotive Systems (NASDAQ:CAAS) has a market capitalization of $125.41 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.

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.