Shares of Sorl Auto Parts, Inc. (NASDAQ:SORL) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a one year consensus price target 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 74 out of 265 based on the ratings given to related companies.
A number of analysts recently commented on SORL shares. Zacks Investment Research upgraded Sorl Auto Parts from a “hold” rating to a “strong-buy” rating and set a $7.50 price objective for the company in a research report on Friday, November 24th. ValuEngine lowered Sorl Auto Parts from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 26th. Greenridge Global set a $10.00 price objective on Sorl Auto Parts and gave the stock a “buy” rating in a research report on Monday, November 20th. Finally, TheStreet upgraded Sorl Auto Parts from a “c+” rating to a “b-” rating in a research report on Wednesday, November 29th.
Shares of Sorl Auto Parts stock opened at $6.80 on Monday. The company has a market capitalization of $131.27, a PE ratio of 4.42 and a beta of 1.65. Sorl Auto Parts has a 12-month low of $2.89 and a 12-month high of $9.74.
Several institutional investors have recently bought and sold shares of SORL. Allianz Asset Management GmbH acquired a new position in shares of Sorl Auto Parts during the 3rd quarter worth about $421,000. Virtu Financial LLC acquired a new position in shares of Sorl Auto Parts during the 4th quarter worth about $656,000. Macquarie Group Ltd. acquired a new position in shares of Sorl Auto Parts during the 3rd quarter worth about $140,000. Two Sigma Investments LP acquired a new position in shares of Sorl Auto Parts during the 4th quarter worth about $221,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Sorl Auto Parts during the 4th quarter worth about $164,000. Institutional investors own 8.57% of the company’s stock.
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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