Zacks: China Automotive Systems, Inc. (CAAS) Given $8.00 Consensus Target Price by Analysts
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.
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.
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.
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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