Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
China Automotive Systems Inc Market Cap
The China Automotive Systems Inc (CAAS) share price is expected to decrease by 100% over the next year. This is based on calculating the average 12-month share price estimate provided by 1 stock analysts who have covered CAAS. Price targets range from $ at the low end to $ at the high end. The current analyst consensus for CAAS is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
China Automotive Systems Inc has a total of 1 Wall St Analyst ratings. There are 1 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that China Automotive Systems Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of CAAS.
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Analyst/Firm |
Rating |
Price Target |
Change |
Date |
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When did it IPO
2003
Staff Count
4,204
Country
China
Sector/Industry
Consumer Cyclical/Auto Parts
CEO
Mr. Qizhou Wu
Market Cap
$133.9M
In 2023, CAAS generated $576.4M in revenue, which was a increase of 8.84% from the previous year. This can be seen as a signal that CAAS's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 18 Nov 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - China Automotive Systems, Inc. (CAAS) announced a $5 million share repurchase program, set to occur over the next 12 months at prices not exceeding $5.50 per share.
Why It Matters - China Automotive Systems' $5 million share repurchase program signals confidence in its financial health and may boost share prices by reducing supply, benefiting existing shareholders.
Wed, 13 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - China Automotive Systems, Inc. (NASDAQ: CAAS) will hold its Q3 2024 earnings conference call on November 13, 2024, at 8:00 AM ET.
Why It Matters - China Automotive Systems' Q3 2024 earnings call signals key financial insights and performance updates, crucial for assessing the company's growth and investment potential.
Wed, 13 Nov 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - China Automotive Systems, Inc. (NASDAQ: CAAS) reported Q3 2024 net sales of $164.2 million, a 19.4% increase from $137.5 million in Q3 2023.
Why It Matters - The 19.4% increase in CAAS's net sales signals strong demand and growth potential, which could enhance investor confidence and impact stock performance positively.
Mon, 04 Nov 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - China Automotive Systems, Inc. (Nasdaq: CAAS) will release its Q3 2024 unaudited financial results on November 13, 2024, before market open, followed by a conference call at 8:00 A.M.
Why It Matters - The upcoming financial results announcement from China Automotive Systems could significantly impact stock performance and investor sentiment, influencing trading decisions ahead of the call.
Mon, 16 Sep 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - China Automotive Systems, Inc. (CAAS) will hold its Annual Meeting of Stockholders on September 24, 2024, at 9:00 AM local time. Webcast details will be provided.
Why It Matters - The announcement of CAAS's Annual Meeting may signal potential shareholder decisions and company direction, impacting stock performance and investor sentiment ahead of the event.
Tue, 13 Aug 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - China Automotive Systems, Inc. (CAAS) reported a 15.4% year-over-year increase in Q2 2024 net sales, reaching $158.6 million, up from $137.4 million in Q2 2023.
Why It Matters - China Automotive Systems' 15.4% sales growth signals strong demand and potential market expansion, enhancing investor confidence and likely boosting stock performance.
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