Shares of Sorl Auto Parts, Inc. (NASDAQ:SORL) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus price objective of $10.00 for the company and are anticipating that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also given Sorl Auto Parts an industry rank of 80 out of 265 based on the ratings given to related companies.
A number of research analysts recently issued reports on SORL shares. ValuEngine upgraded shares of Sorl Auto Parts from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Sorl Auto Parts from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Greenridge Global set a $10.00 price objective on shares of Sorl Auto Parts and gave the company a “buy” rating in a report on Monday, November 20th. Finally, TheStreet upgraded shares of Sorl Auto Parts from a “c+” rating to a “b-” rating in a report on Wednesday, November 29th.
Sorl Auto Parts (SORL) opened at $6.31 on Monday. The company has a market cap of $124.90, a PE ratio of 4.20 and a beta of 1.98. Sorl Auto Parts has a fifty-two week low of $2.68 and a fifty-two week high of $9.74.
Sorl Auto Parts (NASDAQ:SORL) last issued its quarterly earnings data on Tuesday, November 14th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.26. The business had revenue of $101.33 million during the quarter, compared to analyst estimates of $63.84 million. Sorl Auto Parts had a net margin of 8.54% and a return on equity of 16.79%. During the same quarter last year, the business earned $0.17 EPS. equities analysts anticipate that Sorl Auto Parts will post 1.58 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of SORL. Allianz Asset Management GmbH bought a new position in Sorl Auto Parts in the 3rd quarter valued at approximately $421,000. USA Financial Portformulas Corp bought a new position in Sorl Auto Parts in the 2nd quarter valued at approximately $296,000. Macquarie Group Ltd. bought a new position in Sorl Auto Parts in the 3rd quarter valued at approximately $140,000. JPMorgan Chase & Co. bought a new position in Sorl Auto Parts in the 2nd quarter valued at approximately $225,000. Finally, MML Investors Services LLC acquired a new stake in Sorl Auto Parts during the 2nd quarter valued at approximately $214,000. Institutional investors and hedge funds own 8.27% of the company’s stock.
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Sorl Auto Parts Company Profile
SORL Auto Parts, Inc, through its interests in the Ruili Group Ruian Auto Parts Co, Ltd., a Sino-foreign joint venture (Joint Venture), develops, manufactures and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers (OEMs), and the related aftermarket both in China and abroad.
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