NASDAQ:CAASChina Automotive Systems Stock Price, Forecast & News

China Automotive Systems' stock was trading at $1.7038 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CAAS shares have increased by 67.3% and is now trading at $2.85. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for China Automotive Systems.

China Automotive Systems is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for China Automotive Systems.

China Automotive Systems, Inc. (NASDAQ:CAAS) released its quarterly earnings results on Tuesday, June, 23rd. The auto parts company reported ($0.09) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.09). The auto parts company had revenue of $73.56 million for the quarter, compared to the consensus estimate of $55.50 million. China Automotive Systems had a return on equity of 2.78% and a net margin of 2.15%. View China Automotive Systems' earnings history.

China Automotive Systems announced that its board has initiated a stock repurchase plan on Friday, December 7th 2018, which permits the company to repurchase $5,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

China Automotive Systems updated 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 brokerages have issued 1-year target prices for China Automotive Systems' shares. Their forecasts range from $5.00 to $5.00. On average, they expect China Automotive Systems' stock price to reach $5.00 in the next year. This suggests a possible upside of 75.4% from the stock's current price. View analysts' price targets for China Automotive Systems.

Media headlines about CAAS stock have trended very negative on Sunday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. China Automotive Systems earned a coverage optimism score of -3.2 on InfoTrie's scale. They also assigned news headlines about the auto parts company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about China Automotive Systems.

China Automotive Systems saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 14,600 shares, an increase of 5.0% from the May 31st total of 13,900 shares. Based on an average trading volume of 26,800 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company's shares are short sold. View China Automotive Systems' Current Options Chain.

Some companies that are related to China Automotive Systems include IOCHPE MAXION S/S (IOCJY), Motorcar Parts of America (MPAA), Modine Manufacturing (MOD), Lydall (LDL), Cooper-Standard (CPS), Strattec Security (STRT), Sorl Auto Parts (SORL), Horizon Global (HZN), Commercial Vehicle Group (CVGI), Superior Industries International (SUP), Adomani (ADOM), Regency Affiliates (RAFI), China Zenix Auto International (ZXAIY), Curaegis Technologies (CRGS) and OmniTek Engineering (OMTK). View all competitors.

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."

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 $2.85.

China Automotive Systems has a market capitalization of $92.17 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]