Brokerages Set $12.90 Price Target for Cango Inc – (NYSE:CANG)

Share on StockTwits

Shares of Cango Inc – (NYSE:CANG) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price objective of $12.90 for the company, according to Zacks. Zacks has also given Cango an industry rank of 149 out of 255 based on the ratings given to related companies.

NYSE CANG opened at $4.70 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.16 and a quick ratio of 2.16. Cango has a 1 year low of $4.60 and a 1 year high of $10.20. The company has a market capitalization of $711.58 million, a PE ratio of 15.16 and a beta of 1.67. The company has a fifty day moving average of $5.34 and a two-hundred day moving average of $6.21.

Cango (NYSE:CANG) last announced its earnings results on Tuesday, September 3rd. The company reported $0.09 earnings per share for the quarter. The business had revenue of $48.99 million during the quarter. Cango had a net margin of 25.16% and a return on equity of 6.22%. On average, research analysts expect that Cango will post 0.69 earnings per share for the current year.

Cango Company Profile

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.

See Also: What is the Current Ratio?

Get a free copy of the Zacks research report on Cango (CANG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cango Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cango and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Ubex Price Reaches $0.0004
Ubex Price Reaches $0.0004
Dock  Achieves Market Capitalization of $6.97 Million
Dock Achieves Market Capitalization of $6.97 Million
LiveRamp  & Its Peers Critical Analysis
LiveRamp & Its Peers Critical Analysis
Analysts Expect Himax Technologies, Inc.  to Post -$0.05 Earnings Per Share
Analysts Expect Himax Technologies, Inc. to Post -$0.05 Earnings Per Share
FTS International Inc  Sees Significant Growth in Short Interest
FTS International Inc Sees Significant Growth in Short Interest
New Relic Inc  Sees Significant Increase in Short Interest
New Relic Inc Sees Significant Increase in Short Interest


© 2006-2019 Ticker Report