Zacks: China Yuchai International Limited (CYD) Given Consensus Recommendation of “Strong Buy” by Brokerages

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Shares of China Yuchai International Limited (NYSE:CYD) have earned 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 equities research analyst has rated the stock with a strong buy rating.

Analysts have set a 12 month consensus target price of $26.00 for the company and are anticipating that the company will post $0.34 EPS for the current quarter, according to Zacks. Zacks has also assigned China Yuchai International an industry rank of 234 out of 257 based on the ratings given to its competitors.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of China Yuchai International from a “hold” rating to a “sell” rating in a report on Monday, August 20th. ValuEngine lowered shares of China Yuchai International from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th.

Hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC lifted its holdings in shares of China Yuchai International by 6.0% during the 3rd quarter. Acadian Asset Management LLC now owns 1,284,337 shares of the company’s stock worth $22,183,000 after acquiring an additional 73,139 shares during the period. Russell Investments Group Ltd. raised its holdings in China Yuchai International by 60.1% in the second quarter. Russell Investments Group Ltd. now owns 70,033 shares of the company’s stock valued at $1,478,000 after buying an additional 26,284 shares during the period. Schroder Investment Management Group raised its holdings in China Yuchai International by 35.4% in the second quarter. Schroder Investment Management Group now owns 87,263 shares of the company’s stock valued at $1,841,000 after buying an additional 22,828 shares during the period. Brandes Investment Partners LP raised its holdings in China Yuchai International by 8.8% in the second quarter. Brandes Investment Partners LP now owns 929,658 shares of the company’s stock valued at $20,173,000 after buying an additional 75,301 shares during the period. Finally, Shah Capital Management raised its holdings in China Yuchai International by 1.8% in the third quarter. Shah Capital Management now owns 3,293,594 shares of the company’s stock valued at $56,880,000 after buying an additional 58,165 shares during the period. Institutional investors and hedge funds own 26.82% of the company’s stock.

Shares of CYD stock opened at $13.60 on Wednesday. The stock has a market cap of $567.69 million, a PE ratio of 4.40 and a beta of 1.43. China Yuchai International has a 1-year low of $12.84 and a 1-year high of $27.98.

China Yuchai International (NYSE:CYD) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.11). The company had revenue of $463.63 million for the quarter, compared to analysts’ expectations of $574.76 million. China Yuchai International had a return on equity of 25.87% and a net margin of 5.90%. As a group, research analysts anticipate that China Yuchai International will post 2.13 earnings per share for the current year.

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.

See Also: Institutional Investors

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