NASDAQ:CAASChina Automotive Systems Stock Price, Forecast & News

China Automotive Systems' stock was trading at $1.7038 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CAAS shares have increased by 56.1% and is now trading at $2.66.
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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, resulting in a consensus recommendation of "Buy."
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China Automotive Systems is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020.
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China Automotive Systems, Inc. (NASDAQ:CAAS) issued its quarterly earnings data on Tuesday, June, 23rd. The auto parts company reported ($0.09) EPS for the quarter, meeting the Zacks' consensus estimate of ($0.09). The auto parts company earned $73.56 million during the quarter, compared to analysts' expectations of $55.50 million. China Automotive Systems had a net margin of 2.15% and a return on equity of 2.78%.
View China Automotive Systems' earnings history.

China Automotive Systems declared that its Board of Directors has initiated a stock buyback program on Friday, December 7th 2018, which authorizes the company to buyback $5,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

China Automotive Systems issued an update on its FY 2020 Pre-Market earnings guidance on Tuesday, June, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $360-360 million, compared to the consensus revenue estimate of $374.84 million.

1 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 88.0% from the stock's current price.
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Media coverage about CAAS stock has trended neutral recently, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. China Automotive Systems earned a coverage optimism score of 0.2 on InfoTrie's scale. They also assigned news articles about the auto parts company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about China Automotive Systems.

China Automotive Systems saw a increase in short interest in July. As of July 15th, there was short interest totaling 13,900 shares, an increase of 9.4% from the June 30th total of 12,700 shares. Based on an average daily volume of 105,300 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.
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Some companies that are related to China Automotive Systems include Motorcar Parts of America (MPAA), Cooper-Standard (CPS), Horizon Global (HZN), Sorl Auto Parts (SORL), Commercial Vehicle Group (CVGI), Strattec Security (STRT), Superior Industries International (SUP), Regency Affiliates (RAFI), Adomani (ADOM), China Zenix Auto International (ZXAIY), Curaegis Technologies (CRGS), OmniTek Engineering (OMTK), Puradyn Filter Technologies (PFTI), ATC Venture Group (ATCV) and QF Liquidation (QTWWQ).
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Based on aggregate information from My MarketBeat watchlists, some companies that other China Automotive Systems investors own include Intelsat (I), Fossil Group (FOSL), Bank of America (BAC), Cypress Semiconductor (CY), Energy Transfer LP Unit (ET), AMC Entertainment (AMC), Encana (ECA), Ciena (CIEN), Abercrombie & Fitch (ANF) 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 variety of retail and institutional investors. Top institutional shareholders include Hanson & Doremus Investment Management (0.09%).
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CAAS stock was sold by a variety of institutional investors in the last quarter, including Hanson & Doremus Investment Management.
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Shares of CAAS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CAAS stock can currently be purchased for approximately $2.66.

China Automotive Systems has a market capitalization of $86.02 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 4,039 workers across the globe.

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

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]