Analysts Anticipate Cango Inc – (CANG) to Post $0.09 EPS

Shares of Cango Inc – (NYSE:CANG) have earned a consensus broker rating score of 1.50 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and one has given a strong buy rating to the company.

Analysts have set a 1 year consensus price objective of $13.50 for the company and are forecasting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Cango an industry rank of 84 out of 255 based on the ratings given to its competitors.

Several brokerages have recently issued reports on CANG. Goldman Sachs Group began coverage on shares of Cango in a research note on Monday, September 3rd. They issued a “neutral” rating and a $11.90 target price on the stock. Morgan Stanley began coverage on shares of Cango in a research note on Monday, August 20th. They issued an “overweight” rating on the stock.

Shares of NYSE CANG traded up $0.10 during mid-day trading on Friday, hitting $9.30. The company’s stock had a trading volume of 101 shares, compared to its average volume of 3,729. Cango has a one year low of $8.20 and a one year high of $13.90.

Cango (NYSE:CANG) last issued its earnings results on Thursday, August 30th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $35.71 million during the quarter. Analysts expect that Cango will post 0.44 EPS for the current year.

About Cango

Cango Inc operates an automotive transaction service platform that connects dealers, financial institutions, car buyers, and other industry participants in the People's Republic of China. It facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; automotive transactions between automotive wholesalers, dealers, and car buyers; and after-market services to car buyers.

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