Sorl Auto Parts, Inc. (NASDAQ:SORL) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price target of $10.00 for the company and are expecting that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Sorl Auto Parts an industry rank of 86 out of 265 based on the ratings given to related companies.
Several equities analysts recently issued reports on SORL shares. Zacks Investment Research upgraded Sorl Auto Parts from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. ValuEngine upgraded Sorl Auto Parts from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 10th. Finally, Greenridge Global set a $10.00 price target on Sorl Auto Parts and gave the stock a “buy” rating in a research report on Monday, November 20th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AJO LP purchased a new stake in Sorl Auto Parts in the 2nd quarter worth approximately $1,832,000. Allianz Asset Management GmbH purchased a new stake in Sorl Auto Parts in the 3rd quarter worth approximately $421,000. Navellier & Associates Inc lifted its holdings in Sorl Auto Parts by 19.3% in the 2nd quarter. Navellier & Associates Inc now owns 67,285 shares of the company’s stock worth $449,000 after buying an additional 10,875 shares during the period. California Public Employees Retirement System lifted its holdings in Sorl Auto Parts by 226.5% in the 1st quarter. California Public Employees Retirement System now owns 54,200 shares of the company’s stock worth $209,000 after buying an additional 37,600 shares during the period. Finally, USA Financial Portformulas Corp purchased a new stake in Sorl Auto Parts in the 2nd quarter worth approximately $296,000. Institutional investors and hedge funds own 7.74% of the company’s stock.
Sorl Auto Parts (NASDAQ:SORL) traded down $0.38 on Friday, reaching $6.72. The company had a trading volume of 793,810 shares, compared to its average volume of 521,463. Sorl Auto Parts has a fifty-two week low of $2.68 and a fifty-two week high of $9.74. The company has a market cap of $137.07, a price-to-earnings ratio of 4.36 and a beta of 1.98.
Sorl Auto Parts (NASDAQ:SORL) last posted its quarterly earnings results on Tuesday, November 14th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.26. Sorl Auto Parts had a return on equity of 16.79% and a net margin of 8.54%. The business had revenue of $101.33 million for the quarter, compared to analyst estimates of $63.84 million. During the same period last year, the company earned $0.17 EPS. equities analysts anticipate that Sorl Auto Parts will post 1.58 EPS for the current fiscal year.
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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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