Shares of China Automotive Systems, Inc. (NASDAQ:CAAS) have earned 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 recommendation.

Brokers have set a 12-month consensus price target of $8.00 for the company, according to Zacks. Zacks has also assigned China Automotive Systems an industry rank of 66 out of 265 based on the ratings given to its competitors.

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CAAS has been the topic of a number of recent analyst reports. ValuEngine raised shares of China Automotive Systems from a “hold” rating to a “buy” rating in a research report on Sunday, December 3rd. Zacks Investment Research raised shares of China Automotive Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 16th.

A number of institutional investors have recently bought and sold shares of the stock. Spark Investment Management LLC raised its position in China Automotive Systems by 30.2% in the 4th quarter. Spark Investment Management LLC now owns 62,100 shares of the auto parts company’s stock worth $298,000 after purchasing an additional 14,400 shares during the period. Chartwell Investment Partners LLC raised its position in China Automotive Systems by 39.0% in the 4th quarter. Chartwell Investment Partners LLC now owns 569,963 shares of the auto parts company’s stock worth $2,736,000 after purchasing an additional 159,843 shares during the period. Finally, Macquarie Group Ltd. purchased a new stake in China Automotive Systems in the 3rd quarter worth about $277,000. 5.64% of the stock is currently owned by institutional investors.

Shares of China Automotive Systems (NASDAQ CAAS) opened at $4.74 on Tuesday. China Automotive Systems has a 1 year low of $4.30 and a 1 year high of $5.90. The firm has a market cap of $149.50, a PE ratio of 5.91 and a beta of 2.14.

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About China Automotive Systems

China Automotive Systems, Inc, (China Automotive) is a holding company. The Company, through its subsidiary, Great Genesis Holdings Limited (Genesis), owns interests in over eight Sino-joint ventures and over five subsidiaries in the People’s Republic of China (PRC), which manufacture power steering systems and/or related products for various segments of the automobile industry.

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