Sorl Auto Parts, Inc. (SORL) Receives Average Rating of “Strong Buy” from Brokerages
Sorl Auto Parts, Inc. (NASDAQ:SORL) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price objective of $10.00 for the company and are forecasting that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Sorl Auto Parts an industry rank of 120 out of 265 based on the ratings given to its competitors.
Several research firms have commented on SORL. ValuEngine raised shares of Sorl Auto Parts from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of Sorl Auto Parts from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. TheStreet upgraded shares of Sorl Auto Parts from a “c+” rating to a “b-” rating in a research note on Wednesday, November 29th. Finally, Greenridge Global set a $10.00 price objective on shares of Sorl Auto Parts and gave the stock a “buy” rating in a research note on Monday, November 20th.
Shares of Sorl Auto Parts (NASDAQ:SORL) opened at $6.02 on Friday. The company has a market cap of $116.22, a P/E ratio of 3.91 and a beta of 1.64. Sorl Auto Parts has a 1 year low of $2.89 and a 1 year high of $9.74.
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About Sorl Auto Parts
SORL Auto Parts, Inc, through its interests in the Ruili Group Ruian Auto Parts Co, Ltd., a Sino-foreign joint venture (Joint Venture), develops, manufactures and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers (OEMs), and the related aftermarket both in China and abroad.
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