ValuEngine Upgrades China Southern Airlines (ZNH) to “Hold”

ValuEngine upgraded shares of China Southern Airlines (NYSE:ZNH) from a sell rating to a hold rating in a report issued on Friday morning.

Several other equities analysts have also recently issued reports on the company. Bank of America upgraded China Southern Airlines from a neutral rating to a buy rating in a research note on Wednesday, September 12th. They noted that the move was a valuation call. JPMorgan Chase & Co. upgraded China Southern Airlines from an underweight rating to a neutral rating in a research note on Thursday, August 30th. Daiwa Capital Markets upgraded China Southern Airlines from a sell rating to an outperform rating in a research note on Monday, August 6th. Zacks Investment Research cut China Southern Airlines from a hold rating to a sell rating in a research note on Thursday, October 4th. Finally, Jefferies Financial Group upgraded China Southern Airlines from an underperform rating to a buy rating in a research note on Wednesday, September 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. China Southern Airlines presently has a consensus rating of Hold and a consensus price target of $55.00.

ZNH stock opened at $30.55 on Friday. China Southern Airlines has a twelve month low of $25.45 and a twelve month high of $70.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.37 and a quick ratio of 0.35. The company has a market cap of $6.09 billion, a PE ratio of 7.94 and a beta of 1.51.

China Southern Airlines (NYSE:ZNH) last announced its quarterly earnings data on Wednesday, August 29th. The transportation company reported ($0.31) earnings per share (EPS) for the quarter. The company had revenue of $5.24 billion during the quarter. On average, analysts anticipate that China Southern Airlines will post 0.94 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. US Bancorp DE lifted its stake in China Southern Airlines by 3,115.5% in the third quarter. US Bancorp DE now owns 3,119 shares of the transportation company’s stock valued at $100,000 after buying an additional 3,022 shares during the last quarter. Bank of America Corp DE lifted its stake in China Southern Airlines by 160.5% in the second quarter. Bank of America Corp DE now owns 3,830 shares of the transportation company’s stock valued at $151,000 after buying an additional 2,360 shares during the last quarter. Barclays PLC bought a new stake in China Southern Airlines in the first quarter valued at $215,000. Confluence Investment Management LLC bought a new stake in China Southern Airlines in the second quarter valued at $241,000. Finally, Eagle Asset Management Inc. lifted its stake in China Southern Airlines by 70.5% in the second quarter. Eagle Asset Management Inc. now owns 6,494 shares of the transportation company’s stock valued at $256,000 after buying an additional 2,685 shares during the last quarter. Institutional investors own 0.57% of the company’s stock.

About China Southern Airlines

China Southern Airlines Company Limited provides airlines transportation services in the People's Republic of China and internationally. The company operates through two segments, Airline Transportation Operations and Other. It offers passenger, cargo, mail delivery, and other extended transportation services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for China Southern Airlines (NYSE:ZNH)

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