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S&P 500   3,825.33
DOW   31,097.26
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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NASDAQ:CAAS

China Automotive Systems Stock Forecast, Price & News

$2.77
+0.07 (+2.59%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$2.74
$2.84
50-Day Range
$2.56
$3.00
52-Week Range
$2.20
$5.07
Volume
20,784 shs
Average Volume
23,422 shs
Market Capitalization
$85.45 million
P/E Ratio
11.08
Dividend Yield
N/A
Price Target
$6.00

China Automotive Systems MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
116.6% Upside
$6.00 Price Target
Short Interest
Healthy
0.14% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.93mentions of China Automotive Systems in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
500.00%
From $0.05 to $0.30 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.51 out of 5 stars

Auto/Tires/Trucks Sector

18th out of 144 stocks

Motor Vehicle Parts & Accessories Industry

9th out of 50 stocks

30 days | 90 days | 365 days | Advanced Chart

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China Automotive Systems 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.

CAAS Stock News Headlines

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China Automotive Systems Tops Q4 EPS by 16c
China Automotive Systems Q4 2021 Earnings Preview
See More Headlines

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Current Symbol
NASDAQ:CAAS
Employees
3,949
Year Founded
2003

Company Calendar

Last Earnings
11/12/2021
Today
7/03/2022
Next Earnings (Estimated)
8/11/2022
Fiscal Year End
12/31/2022

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
+116.6%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
1 Analysts

Profitability

Net Income
$11.05 million
Pretax Margin
1.33%

Debt

Sales & Book Value

Annual Sales
$497.99 million
Cash Flow
$1.24 per share
Book Value
$10.92 per share

Miscellaneous

Free Float
11,168,000
Market Cap
$85.45 million
Optionable
Optionable
Beta
2.49

Social Links















China Automotive Systems Frequently Asked Questions

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

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" China Automotive Systems stock.
View analyst ratings for China Automotive Systems
or view top-rated stocks.

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

1 Wall Street analysts have issued 1-year price objectives for China Automotive Systems' stock. Their CAAS stock forecasts range from $6.00 to $6.00. On average, they predict China Automotive Systems' stock price to reach $6.00 in the next twelve months. This suggests a possible upside of 116.6% from the stock's current price.
View analysts' price targets for China Automotive Systems
or view top-rated stocks among Wall Street analysts.

How has China Automotive Systems' stock performed in 2022?

China Automotive Systems' stock was trading at $2.68 on January 1st, 2022. Since then, CAAS shares have increased by 3.4% and is now trading at $2.77.
View the best growth stocks for 2022 here
.

When is China Automotive Systems' next earnings date?

China Automotive Systems is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our earnings forecast for China Automotive Systems
.

How were China Automotive Systems' earnings last quarter?

China Automotive Systems, Inc. (NASDAQ:CAAS) released its quarterly earnings data on Friday, November, 12th. The auto parts company reported ($0.01) earnings per share 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 analysts' expectations of $119.39 million. China Automotive Systems had a trailing twelve-month return on equity of 2.35% and a net margin of 1.55%. During the same quarter last year, the firm earned $0.08 earnings per share.
View China Automotive Systems' earnings history
.

How will China Automotive Systems' stock buyback program work?

China Automotive Systems declared that its Board of Directors has initiated a share buyback program on Tuesday, August 25th 2020, which permits the company to buyback $5,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

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 Monday, June, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $490.00 million-$510.00 million, compared to the consensus revenue estimate of $509.45 million.

Who are China Automotive Systems' key executives?

China Automotive Systems' management team includes the following people:
  • Mr. Hanlin Chen, Chairman & Exec. Officer (Age 65, Pay $495k)
  • Mr. Qizhou Wu, Pres, CEO & Director (Age 58, Pay $330k)
  • Mr. Jie Li, Chief Financial Officer (Age 52, Pay $198k)
  • Kevin Theiss, Mang. of Investor Relations
  • Mr. Yiu Wong Tse, Sr. VP (Age 51)
  • Mr. Richard Gills, Pres of California Division
  • Mrs. Na Wei, Sec.

What is Hanlin Chen's approval rating as China Automotive Systems' CEO?

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.

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."

How do I buy shares of China Automotive Systems?

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.
Compare Top Brokerages Here.

What is China Automotive Systems' stock price today?

One share of CAAS stock can currently be purchased for approximately $2.77.

How much money does China Automotive Systems make?

China Automotive Systems (NASDAQ:CAAS) has a market capitalization of $85.45 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 $0.25 on an earnings per share basis.

How many employees does China Automotive Systems have?

China Automotive Systems employs 3,949 workers across the globe.

When was China Automotive Systems founded?

China Automotive Systems was founded in 2003.

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 China Automotive Systems 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 7/3/2022 by MarketBeat.com Staff

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