Shares of China Yuchai International Limited (NYSE:CYD) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $28.00 for the company and are anticipating that the company will post $0.57 earnings per share for the current quarter, according to Zacks. Zacks has also assigned China Yuchai International an industry rank of 220 out of 255 based on the ratings given to related companies.
Several analysts have commented on CYD shares. ValuEngine lowered shares of China Yuchai International from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Zacks Investment Research upgraded shares of China Yuchai International from a “strong sell” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Monday, October 22nd.
China Yuchai International stock opened at $15.43 on Friday. The stock has a market cap of $631.36 million, a PE ratio of 5.35 and a beta of 1.42. China Yuchai International has a 1-year low of $13.67 and a 1-year high of $27.98.
China Yuchai International (NYSE:CYD) last posted its earnings results on Friday, August 10th. The company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.24). The firm had revenue of $635.46 million for the quarter, compared to analysts’ expectations of $629.87 million. China Yuchai International had a return on equity of 27.31% and a net margin of 5.90%. As a group, research analysts predict that China Yuchai International will post 2.23 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of CYD. Northern Trust Corp lifted its holdings in China Yuchai International by 6.3% in the first quarter. Northern Trust Corp now owns 48,182 shares of the company’s stock worth $1,020,000 after buying an additional 2,850 shares during the period. UBS Group AG increased its stake in shares of China Yuchai International by 16.1% during the first quarter. UBS Group AG now owns 144,871 shares of the company’s stock valued at $3,067,000 after purchasing an additional 20,047 shares in the last quarter. Shah Capital Management increased its stake in shares of China Yuchai International by 1.5% during the second quarter. Shah Capital Management now owns 3,235,429 shares of the company’s stock valued at $70,208,000 after purchasing an additional 49,211 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of China Yuchai International during the second quarter valued at approximately $202,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of China Yuchai International by 7.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 162,068 shares of the company’s stock valued at $3,517,000 after purchasing an additional 11,150 shares in the last quarter. Institutional investors and hedge funds own 26.85% of the company’s stock.
About China Yuchai International
China Yuchai International Limited, through its subsidiaries, manufactures and sells diesel and natural gas engines in the People's Republic of China and internationally. It operates in two segments, Yuchai and HLGE. The company provides diesel and natural gas engines for light trucks, medium and heavy-duty trucks, buses and passenger vehicles, and marine and industrial applications; and generator sets.
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