China Automotive Systems, Inc. (NASDAQ:CAAS) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price objective 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 assigned China Automotive Systems an industry rank of 181 out of 256 based on the ratings given to its competitors.

Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of China Automotive Systems from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. ValuEngine upgraded shares of China Automotive Systems from a “sell” rating to a “hold” rating in a report on Monday, April 1st.

A hedge fund recently bought a new stake in China Automotive Systems stock. BlackRock Inc. acquired a new stake in China Automotive Systems, Inc. (NASDAQ:CAAS) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 16,247 shares of the auto parts company’s stock, valued at approximately $52,000. BlackRock Inc. owned about 0.05% of China Automotive Systems at the end of the most recent quarter. Institutional investors and hedge funds own 2.54% of the company’s stock.

Shares of China Automotive Systems stock traded up $0.07 on Tuesday, hitting $2.57. 30,796 shares of the company traded hands, compared to its average volume of 11,236. China Automotive Systems has a 12-month low of $2.00 and a 12-month high of $5.00. The stock has a market cap of $80.95 million, a P/E ratio of 32.13 and a beta of 1.56.

China Automotive Systems (NASDAQ:CAAS) last posted its quarterly earnings results on Thursday, May 9th. The auto parts company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. China Automotive Systems had a negative net margin of 0.11% and a negative return on equity of 0.17%. The business had revenue of $109.19 million for the quarter, compared to analysts’ expectations of $126.56 million. During the same period in the previous year, the company posted $0.14 EPS. On average, research analysts anticipate that China Automotive Systems will post 0.17 earnings per share for the current year.

About China Automotive Systems

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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