China Automotive Systems Stock Forecast, Price & News

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.

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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.

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.

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.

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.
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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.

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.

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.
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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 Cooper-Standard (CPS), Motorcar Parts of America (MPAA), Garrett Motion (GTXMQ), Iochpe-Maxion (IOCJY), Commercial Vehicle Group (CVGI), Empower (EMPW), CF Finance Acquisition Corp. III (CFAC), Superior Industries International (SUP), Horizon Global (HZN), Innoviz Technologies (INVZ), Strattec Security (STRT), Worksport (WKSP), ADOMANI (ADOM), 10X Capital Venture Acquisition (VCVC) and Unique Fabricating (UFAB).
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 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.

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.

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.

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 $4.85.

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.

China Automotive Systems employs 4,688 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]