NASDAQ:CAAS

China Automotive Systems Stock Forecast, Price & News

$4.85
-0.05 (-1.02 %)
(As of 06/21/2021 12:00 AM ET)
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Today's Range
$4.80
$5.05
50-Day Range
$3.86
$5.31
52-Week Range
$2.35
$13.69
Volume80,489 shs
Average Volume187,049 shs
Market Capitalization$149.63 million
P/E RatioN/A
Dividend YieldN/A
Beta3.17
30 days | 90 days | 365 days | Advanced Chart
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China Automotive Systems logo

About China Automotive Systems

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. China Automotive Systems, Inc. also markets automotive parts in North America and Brazil, as well as provides after sales services, and research and development support services. 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 City, the People's Republic of China.

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MarketRank

Overall MarketRank

1.69 out of 5 stars

Auto/Tires/Trucks Sector

40th out of 171 stocks

Motor Vehicle Parts & Accessories Industry

19th out of 65 stocks

Analyst Opinion: 2.5Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
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China Automotive Systems (NASDAQ:CAAS) Frequently Asked Questions

Is China Automotive Systems a buy right now?

1 Wall Street 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 analysts is that investors should "buy" China Automotive Systems stock.
View analyst ratings for China Automotive Systems
or view top-rated stocks.

What stocks does MarketBeat like better than China Automotive Systems?

Wall Street analysts have given China Automotive Systems a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but China Automotive Systems wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting China Automotive Systems?

China Automotive Systems saw a decrease in short interest during the month of May. As of May 28th, there was short interest totaling 124,300 shares, a decrease of 28.9% from the May 13th total of 174,800 shares. Based on an average trading volume of 103,600 shares, the short-interest ratio is presently 1.2 days. Approximately 1.1% of the company's stock are short sold.
View China Automotive Systems' Short Interest
.

When is China Automotive Systems' next earnings date?

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

How were China Automotive Systems' earnings last quarter?

China Automotive Systems, Inc. (NASDAQ:CAAS) issued its earnings results on Wednesday, May, 12th. The auto parts company reported $0.10 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.07. China Automotive Systems had a negative net margin of 0.37% and a positive trailing twelve-month return on equity of 0.58%.
View China Automotive Systems' earnings history
.

How has China Automotive Systems' stock been impacted by COVID-19?

China Automotive Systems' stock was trading at $1.7038 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CAAS stock has increased by 184.7% and is now trading at $4.85.
View which stocks have been most impacted by COVID-19
.

How will China Automotive Systems' stock buyback program work?

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

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

China Automotive Systems updated its FY 2021 earnings guidance on Tuesday, June, 8th. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $485 million-485 million, compared to the consensus revenue estimate of $467.89 million.

What price target have analysts set for CAAS?

1 brokerages have issued 12 month price objectives for China Automotive Systems' stock. Their forecasts range from $6.00 to $6.00. On average, they expect China Automotive Systems' share price to reach $6.00 in the next year. This suggests a possible upside of 23.7% from the stock's current price.
View analysts' price targets for China Automotive Systems
or view top-rated stocks among Wall Street analysts.

Who are China Automotive Systems' key executives?

China Automotive Systems' management team includes the following people:
  • Mr. Hanlin Chen, Chairman & Exec. Officer (Age 64, Pay $330k)
  • Mr. Qizhou Wu, Pres, CEO & Director (Age 57, Pay $220k)
  • Mr. Jie Li, Chief Financial Officer (Age 51, Pay $132k)
  • Kevin Theiss, Mang. of Investor Relations
  • Mr. Yiu Wong Tse, Sr. VP (Age 50)
  • 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.

Who are some of China Automotive Systems' key competitors?

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 (1.64%), HRT Financial LP (0.08%), Goldman Sachs Group Inc. (0.04%) and Royal Bank of Canada (0.03%).
View institutional ownership trends for China Automotive Systems
.

Which major investors are selling China Automotive Systems stock?

CAAS stock was sold by a variety of institutional investors in the last quarter, including Royal Bank of Canada.
View insider buying and selling activity for China Automotive Systems
or view top insider-selling stocks.

Which major investors are buying China Automotive Systems stock?

CAAS stock was purchased by a variety of institutional investors in the last quarter, including HRT Financial LP, Goldman Sachs Group Inc., and Renaissance Technologies LLC.
View insider buying and selling activity for China Automotive Systems
or or view top insider-buying stocks.

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 $4.85.

How much money does China Automotive Systems make?

China Automotive Systems has a market capitalization of $149.63 million and generates $417.64 million in revenue each year. The auto parts company earns $-4,980,000.00 in net income (profit) each year or ($0.05) on an earnings per share basis.

How many employees does China Automotive Systems have?

China Automotive Systems employs 4,688 workers across the globe.

What is China Automotive Systems' official website?

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

Where are China Automotive Systems' headquarters?

China Automotive Systems is headquartered at No. 1 Henglong Road Yu Qiao Development Zone, JingZhou F4, 434000.

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 auto parts company can be reached via phone at 86-71-6412-7901 or via email at [email protected]


This page was last updated on 6/22/2021 by MarketBeat.com Staff
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