China Yuchai International (NYSE:CYD) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, September 12th.
Other equities research analysts also recently issued reports about the stock. TheStreet downgraded shares of China Yuchai International from a “b-” rating to a “c+” rating in a research note on Tuesday, May 15th. Greenridge Global assumed coverage on shares of China Yuchai International in a research report on Monday, June 18th. They set a “buy” rating and a $28.00 target price for the company. Finally, Zacks Investment Research downgraded shares of China Yuchai International from a “hold” rating to a “sell” rating in a research report on Monday, August 20th.
CYD stock traded down $0.21 during midday trading on Wednesday, hitting $16.02. The stock had a trading volume of 64,800 shares, compared to its average volume of 85,791. China Yuchai International has a 1-year low of $15.99 and a 1-year high of $27.98. The firm has a market cap of $704.82 million, a price-to-earnings ratio of 5.18 and a beta of 1.27.
China Yuchai International (NYSE:CYD) last posted its quarterly earnings results on Friday, August 10th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.24). China Yuchai International had a net margin of 5.90% and a return on equity of 27.31%. The company had revenue of $635.46 million during the quarter, compared to the consensus estimate of $629.87 million. Equities analysts anticipate that China Yuchai International will post 2.23 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in CYD. Arnhold LLC purchased a new position in China Yuchai International during the first quarter worth about $3,916,000. Renaissance Technologies LLC boosted its holdings in China Yuchai International by 61.5% during the second quarter. Renaissance Technologies LLC now owns 304,014 shares of the company’s stock worth $6,597,000 after purchasing an additional 115,814 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in China Yuchai International by 8.8% during the second quarter. Brandes Investment Partners LP now owns 929,658 shares of the company’s stock worth $20,173,000 after purchasing an additional 75,301 shares during the last quarter. United Services Automobile Association boosted its holdings in China Yuchai International by 237.4% during the second quarter. United Services Automobile Association now owns 101,437 shares of the company’s stock worth $8,880,000 after purchasing an additional 71,369 shares during the last quarter. Finally, Shah Capital Management boosted its holdings in China Yuchai International by 1.5% during the second quarter. Shah Capital Management now owns 3,235,429 shares of the company’s stock worth $70,208,000 after purchasing an additional 49,211 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.
China Yuchai International Company Profile
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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