China Automotive Systems - CAAS 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" CAAS shares.
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1 brokerages have issued 12-month target prices for China Automotive Systems' stock. Their CAAS share price forecasts range from $6.00 to $6.00. On average, they anticipate the company's stock price to reach $6.00 in the next year. This suggests that the stock has a possible downside of 9.8%.
View analysts price targets for CAAS or view top-rated stocks among Wall Street analysts.

China Automotive Systems' stock was trading at $2.68 at the start of the year. Since then, CAAS stock has increased by 148.1% and is now trading at $6.65.
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China Automotive Systems saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 81,200 shares, a drop of 14.2% from the October 31st total of 94,600 shares. Based on an average daily volume of 147,900 shares, the short-interest ratio is currently 0.5 days. Approximately 0.8% of the shares of the company are sold short.
View China Automotive Systems' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 29th 2023.
View our CAAS earnings forecast.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by $0.06. The auto parts company had revenue of $108.23 million for the quarter, compared to the consensus estimate of $119.39 million. China Automotive Systems had a trailing twelve-month return on equity of 6.61% and a net margin of 4.05%. During the same period in the prior year, the business posted $0.08 EPS.

China Automotive Systems updated its FY 2022 earnings guidance on Monday, November, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $540.00 million-$540.00 million, compared to the consensus revenue estimate of $515.59 million.

1 employees have rated China Automotive Systems Chief Executive Officer Hanlin Chen on Glassdoor.com. Hanlin Chen has an approval rating of 100% among the company's employees. This puts Hanlin Chen in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 many different retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (1.17%), UBS Group AG (0.21%), Marshall Wace LLP (0.16%), Hanson & Doremus Investment Management (0.06%) and Simplex Trading LLC (0.00%).
View institutional ownership trends.

Shares of CAAS stock 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 $6.65.

China Automotive Systems (NASDAQ:CAAS) has a market capitalization of $203.89 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 $0.71 on an earnings per share basis.

The company employs 3,949 workers across the globe.

China Automotive Systems' mailing address is No. 1 Henglong Road Yu Qiao Development Zone, JingZhou F4, 434000. The official website for the company 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.