NASDAQ:CAASChina Automotive Systems Stock Price, Forecast & News

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 shares have increased by 80.8% and is now trading at $3.08. 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 data on Tuesday, June, 23rd. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The auto parts company had revenue of $73.56 million for the quarter, compared to analysts' expectations of $55.50 million. China Automotive Systems had a return on equity of 2.76% and a net margin of 2.15%. View China Automotive Systems' earnings history.

China Automotive Systems declared that its board has initiated a share repurchase program on Friday, December 7th 2018, 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 6.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

China Automotive Systems updated its FY 2020 Pre-Market earnings guidance on Tuesday, June, 23rd. The company provided EPS 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 Wall Street analysts have issued 12-month price objectives for China Automotive Systems' shares. Their forecasts range from $5.00 to $5.00. On average, they expect China Automotive Systems' share price to reach $5.00 in the next year. This suggests a possible upside of 62.3% from the stock's current price. View analysts' price targets for China Automotive Systems.

News coverage about CAAS stock has been trending negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. China Automotive Systems earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned media stories about the auto parts company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock'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 during 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 shares of the company are short sold. View China Automotive Systems' Current Options Chain.

Some companies that are related to China Automotive Systems include Garrett Motion (GTX), Motorcar Parts of America (MPAA), IOCHPE MAXION S/S (IOCJY), Modine Manufacturing (MOD), Lydall (LDL), Cooper-Standard (CPS), Sorl Auto Parts (SORL), Commercial Vehicle Group (CVGI), Horizon Global (HZN), Strattec Security (STRT), Superior Industries International (SUP), Regency Affiliates (RAFI), Adomani (ADOM), China Zenix Auto International (ZXAIY) and Curaegis Technologies (CRGS). 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 $3.08.

China Automotive Systems has a market capitalization of $99.60 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]