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What is the Forecast Price for China Automotive Systems, Inc. (CAAS) Stock?

Friday, January 17, 2020 10:45 AM | InvestorsObserver Analysts

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What is the Forecast Price for China Automotive Systems, Inc. (CAAS) Stock?

Analysts who follow China Automotive Systems, Inc. (CAAS) on average expect it to rise 23.46% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.

That average rating puts CAAS higher 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?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With China Automotive Systems, Inc. Stock Today?

China Automotive Systems, Inc. (CAAS) stock is unmoved 0.02% while the S&P 500 is up 0.26% as of 10:37 AM on Friday, Jan 17. CAAS is flat $0.00 from the previous closing price of $3.24 on volume of 1,516 shares. Over the past year the S&P 500 has risen 26.16% while CAAS is up 10.96%. CAAS earned $0.16 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 20.09.

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