China Automotive Systems Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for China Automotive Systems in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" China Automotive Systems stock.
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Wall Street analysts have given China Automotive Systems a "Sell" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but China Automotive Systems wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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China Automotive Systems saw a decrease in short interest in January. As of January 29th, there was short interest totaling 82,200 shares, a decrease of 58.8% from the January 14th total of 199,600 shares. Based on an average daily trading volume, of 2,580,000 shares, the short-interest ratio is presently 0.0 days. Approximately 0.7% of the company's stock are short sold.
View China Automotive Systems' Short Interest.

China Automotive Systems is scheduled to release its next quarterly earnings announcement on Thursday, May 13th 2021.
View our earnings forecast for China Automotive Systems.

China Automotive Systems, Inc. (NASDAQ:CAAS) posted its quarterly earnings results on Tuesday, November, 17th. The auto parts company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.07. The auto parts company had revenue of $114.42 million for the quarter, compared to analysts' expectations of $109.78 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share.
View China Automotive Systems' earnings history.

China Automotive Systems' stock was trading at $1.7038 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CAAS stock has increased by 192.9% and is now trading at $4.99.
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China Automotive Systems declared that its Board of Directors has initiated a share repurchase plan on Tuesday, August 25th 2020, which authorizes the company to repurchase $5,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

1 equities research analysts have issued twelve-month target prices for China Automotive Systems' stock. Their forecasts range from $5.00 to $5.00. On average, they anticipate China Automotive Systems' share price to reach $5.00 in the next twelve months. This suggests a possible upside of 0.2% from the stock's current price.
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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 Iochpe-Maxion (IOCJY), Garrett Motion (GTXMQ), Motorcar Parts of America (MPAA), Canoo (GOEV), Commercial Vehicle Group (CVGI), Horizon Global (HZN), Strattec Security (STRT), Superior Industries International (SUP), Unique Fabricating (UFAB), Worksport (WKSP), ADOMANI (ADOM), Regency Affiliates (RAFI), China Zenix Auto International (ZXAIY), CurAegis Technologies (CRGS) and Omnitek Engineering (OMTK).
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 a number of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (1.61%), Jane Street Group LLC (0.16%), Hanson & Doremus Investment Management (0.07%), Virtu Financial LLC (0.06%) and ExodusPoint Capital Management LP (0.05%).
View institutional ownership trends for China Automotive Systems.

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

CAAS stock was purchased by a variety of institutional investors in the last quarter, including Jane Street Group LLC, Virtu Financial LLC, and ExodusPoint Capital Management LP.
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 $4.99.

China Automotive Systems has a market capitalization of $153.95 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 3,998 workers across the globe.

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 86-71-6412-7901 or via email at [email protected]