Wall Street is positive on China Automotive Systems, Inc. (CAAS). On average, analysts give the stock a Strong Buy rating. The average price target is $4, which means analysts expect the stock to rise by 16.62% over the next twelve months.
That rating is better than 79% of stocks based on data compiled by InvestorsObserver.
Click Here to get the full report on China Automotive Systems, Inc. (CAAS) Stock.
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What's Happening With China Automotive Systems, Inc. Stock Today?
China Automotive Systems, Inc. (CAAS) stock is trading at $3.43 as of 2:34 PM on Thursday, Dec 26, a gain of $0.16, or 4.79% from the previous closing price of $3.27. The stock has traded between $3.24 and $3.48 so far today. Volume today is less active than usual. So far 26,452 shares have traded compared to average volume of 210,015 shares.
