China Automotive Systems, Inc. (NASDAQ:CAAS) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus price target of $4.50 for the company and are expecting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given China Automotive Systems an industry rank of 195 out of 256 based on the ratings given to its competitors.
A number of research firms have weighed in on CAAS. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Greenridge Global restated a “buy” rating on shares of China Automotive Systems in a report on Friday, March 29th. Finally, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.
NASDAQ CAAS opened at $2.28 on Friday. The stock has a market cap of $74.38 million, a PE ratio of 28.50 and a beta of 1.53. China Automotive Systems has a fifty-two week low of $2.00 and a fifty-two week high of $5.00. The business has a 50 day moving average of $2.27.
China Automotive Systems (NASDAQ:CAAS) last released its quarterly earnings results on Thursday, May 9th. The auto parts company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.03. The firm had revenue of $109.19 million during the quarter, compared to analysts’ expectations of $126.56 million. China Automotive Systems had a negative return on equity of 0.17% and a negative net margin of 0.11%. During the same quarter in the prior year, the business earned $0.14 EPS. On average, equities analysts predict that China Automotive Systems will post 0.17 EPS for the current fiscal year.
China Automotive Systems Company Profile
China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. The company 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 systems and parts.
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