Sorl Auto Parts, Inc. (NASDAQ:SORL) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus target price of $10.00 for the company and are expecting 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 125 out of 265 based on the ratings given to related companies.
Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Sorl Auto Parts from a “hold” rating to a “strong-buy” rating and set a $7.50 target price for the company in a report on Friday, November 24th. ValuEngine upgraded Sorl Auto Parts from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. TheStreet upgraded Sorl Auto Parts from a “c+” rating to a “b-” rating in a report on Wednesday, November 29th. Finally, Greenridge Global set a $10.00 target price on Sorl Auto Parts and gave the stock a “buy” rating in a report on Monday, November 20th.
Shares of Sorl Auto Parts (NASDAQ SORL) traded up $0.09 during mid-day trading on Thursday, hitting $6.27. The company’s stock had a trading volume of 131,600 shares, compared to its average volume of 267,757. Sorl Auto Parts has a twelve month low of $2.78 and a twelve month high of $9.74. The stock has a market cap of $121.04, a PE ratio of 4.07 and a beta of 1.65.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Sorl Auto Parts in the 2nd quarter worth $115,000. Two Sigma Securities LLC bought a new position in shares of Sorl Auto Parts in the 4th quarter worth $164,000. Two Sigma Investments LP bought a new position in shares of Sorl Auto Parts in the 4th quarter worth $221,000. JPMorgan Chase & Co. bought a new position in shares of Sorl Auto Parts in the 2nd quarter worth $225,000. Finally, Macquarie Group Ltd. bought a new position in shares of Sorl Auto Parts in the 3rd quarter worth $140,000. 7.93% of the stock is owned by hedge funds and other institutional investors.
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About Sorl Auto Parts
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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