Cango Inc – (CANG) Given $13.50 Average Target Price by Analysts

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

Brokers have set a one year consensus price objective of $13.50 for the company and are predicting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also assigned Cango an industry rank of 87 out of 255 based on the ratings given to its competitors.

Several analysts recently commented on the company. Morgan Stanley assumed coverage on Cango in a report on Monday, August 20th. They set an “overweight” rating on the stock. Goldman Sachs Group assumed coverage on Cango in a report on Monday, September 3rd. They set a “neutral” rating and a $11.90 target price on the stock.

Cango stock opened at $9.00 on Friday. Cango has a 52 week low of $8.20 and a 52 week high of $13.90.

Cango (NYSE:CANG) last posted its earnings results on Thursday, August 30th. The company reported $0.07 EPS for the quarter. The company had revenue of $35.71 million for the quarter. As a group, sell-side analysts anticipate that Cango will post 0.44 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.

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