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 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.

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.

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.
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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.

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.

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.

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.

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 AEye (LIDR), XOS (XOS), Motorcar Parts of America (MPAA), Cepton (CPTN), Commercial Vehicle Group (CVGI), XL Fleet (XL), Strattec Security (STRT), Superior Industries International (SUP), Cooper-Standard (CPS), ADOMANI (ADOM), Romeo Power (RMO), China Zenix Auto International (ZXAIY), Horizon Global (HZN), Worksport (WKSP) 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."

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 $2.77.

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.

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

China Automotive Systems was founded in 2003.

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.