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T   19.03 (+0.11%)
MU   56.35 (+2.23%)
CGC   3.53 (+3.22%)
F   13.79 (+0.29%)
GE   85.26 (-0.47%)
DIS   96.09 (+1.48%)
AMC   7.31 (-1.62%)
PYPL   78.29 (+0.84%)
PFE   49.47 (-0.04%)
NFLX   301.40 (+7.28%)
NASDAQ:CAAS

China Automotive Systems - CAAS Stock Forecast, Price & News

$7.09
+0.44 (+6.62%)
(As of 11/30/2022 02:11 PM ET)
Add
Compare
Today's Range
$6.60
$7.10
50-Day Range
$3.78
$6.65
52-Week Range
$2.20
$6.72
Volume
1,897 shs
Average Volume
156,045 shs
Market Capitalization
$217.38 million
P/E Ratio
9.99
Dividend Yield
N/A
Price Target
$6.00

China Automotive Systems MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
14.5% Downside
$6.00 Price Target
Short Interest
Healthy
0.75% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.18mentions of China Automotive Systems in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-33.87%
From $0.62 to $0.41 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.10 out of 5 stars

Auto/Tires/Trucks Sector

55th out of 103 stocks

Motor Vehicle Parts & Accessories Industry

22nd out of 34 stocks

CAAS stock logo

About China Automotive Systems (NASDAQ:CAAS) Stock

China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic and hydraulic power steering systems and parts. The company also offers automotive motors and electromechanical integrated systems; polymer materials; and intelligent automotive technology research and development services. In addition, it provides after sales services, and research and development support services, as well as markets automotive parts in North America and Brazil. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. was incorporated in 1999 and is headquartered in Jingzhou, the People's Republic of China.

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CAAS Stock News Headlines

China Automotive Systems Expands Partnership With BYD
Beam Global (BEEM) Reports Q3 Loss, Tops Revenue Estimates
CAAS China Automotive Systems, Inc.
See More Headlines
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CAAS Company Calendar

Last Earnings
11/12/2021
Today
11/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/29/2023

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Current Symbol
NASDAQ:CAAS
Employees
3,949
Year Founded
2003

Price Target and Rating

Average Stock Price Forecast
$6.00
High Stock Price Forecast
$6.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
-15.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$11.05 million
Pretax Margin
4.72%

Debt

Sales & Book Value

Annual Sales
$497.99 million
Cash Flow
$1.42 per share
Book Value
$10.34 per share

Miscellaneous

Free Float
11,100,000
Market Cap
$217.38 million
Optionable
Optionable
Beta
2.06

Social Links


Key Executives

  • Mr. Hanlin Chen (Age 65)
    Chairman & Exec. Officer
    Comp: $495k
  • Mr. Qizhou Wu (Age 58)
    Pres, CEO & Director
    Comp: $330k
  • Mr. Jie Li (Age 52)
    Chief Financial Officer
    Comp: $198k
  • Kevin Theiss
    Mang. of Investor Relations
  • Mr. Yiu Wong Tse (Age 51)
    Sr. VP
  • Mr. Richard Gills
    Pres of California Division
  • Ms. Na Wei
    Sec.













CAAS Stock - Frequently Asked Questions

Should I buy or sell China Automotive Systems stock right now?

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.
View CAAS analyst ratings
or view top-rated stocks.

What is China Automotive Systems' stock price forecast for 2023?

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.

How have CAAS shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting China Automotive Systems?

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
.

When is China Automotive Systems' next earnings date?

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

How were China Automotive Systems' earnings last quarter?

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.

What guidance has China Automotive Systems issued on next quarter's earnings?

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.

What is Hanlin Chen's approval rating as China Automotive Systems' CEO?

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.

What other stocks do shareholders of China Automotive Systems own?

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).

What is China Automotive Systems' stock symbol?

China Automotive Systems trades on the NASDAQ under the ticker symbol "CAAS."

Who are China Automotive Systems' major shareholders?

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
.

How do I buy shares of China Automotive Systems?

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.
Compare Top Brokerages Here.

What is China Automotive Systems' stock price today?

One share of CAAS stock can currently be purchased for approximately $6.65.

How much money does China Automotive Systems make?

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.

How many employees does China Automotive Systems have?

The company employs 3,949 workers across the globe.

How can I contact China Automotive Systems?

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.

This page (NASDAQ:CAAS) was last updated on 11/30/2022 by MarketBeat.com Staff