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

Analysts have set a 1 year consensus price objective of $8.00 for the company and are anticipating that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also assigned China Automotive Systems an industry rank of 104 out of 265 based on the ratings given to its competitors.

Several analysts have weighed in on CAAS shares. ValuEngine raised China Automotive Systems from a “hold” rating to a “buy” rating in a report on Sunday, December 3rd. Zacks Investment Research raised China Automotive Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday.

Shares of China Automotive Systems (CAAS) traded up $0.13 during midday trading on Wednesday, reaching $4.86. 22,558 shares of the company traded hands, compared to its average volume of 45,883. The firm has a market cap of $149.68, a P/E ratio of 6.08 and a beta of 2.38. China Automotive Systems has a 1-year low of $4.30 and a 1-year high of $5.90.

China Automotive Systems (NASDAQ:CAAS) last issued its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). China Automotive Systems had a return on equity of 7.93% and a net margin of 5.05%. analysts predict that China Automotive Systems will post 0.83 EPS for the current year.

A hedge fund recently bought a new stake in China Automotive Systems stock. Macquarie Group Ltd. acquired a new position in shares of China Automotive Systems, Inc. (NASDAQ:CAAS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 53,245 shares of the auto parts company’s stock, valued at approximately $277,000. Macquarie Group Ltd. owned about 0.17% of China Automotive Systems at the end of the most recent quarter. 5.34% of the stock is currently owned by institutional investors and hedge funds.

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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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