Shares of China Eastern Airlines Corp. Ltd. (NYSE:CEA) have received an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company.
Several equities research analysts have recently weighed in on CEA shares. Daiwa Capital Markets upgraded shares of China Eastern Airlines from a “hold” rating to a “buy” rating in a research report on Friday, August 31st. Jefferies Financial Group upgraded shares of China Eastern Airlines from an “underperform” rating to a “buy” rating in a research report on Wednesday, September 19th. JPMorgan Chase & Co. upgraded shares of China Eastern Airlines from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 18th. Goldman Sachs Group upgraded shares of China Eastern Airlines from a “sell” rating to a “neutral” rating in a research report on Thursday, July 5th. Finally, Zacks Investment Research upgraded shares of China Eastern Airlines from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 4th.
NYSE CEA traded down $0.63 on Wednesday, hitting $26.97. The company’s stock had a trading volume of 491 shares, compared to its average volume of 29,353. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.24 and a current ratio of 0.27. China Eastern Airlines has a 1-year low of $24.64 and a 1-year high of $45.33. The stock has a market cap of $9.24 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of -13.30 and a beta of 1.61.
China Eastern Airlines (NYSE:CEA) last announced its quarterly earnings results on Friday, August 31st. The transportation company reported $0.16 earnings per share (EPS) for the quarter. China Eastern Airlines had a net margin of 3.91% and a return on equity of 7.21%. The firm had revenue of $4.35 billion during the quarter. Analysts predict that China Eastern Airlines will post 0.8 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG increased its position in shares of China Eastern Airlines by 230.1% during the first quarter. UBS Group AG now owns 4,965 shares of the transportation company’s stock worth $183,000 after buying an additional 3,461 shares during the period. Northern Trust Corp increased its position in shares of China Eastern Airlines by 11.5% during the second quarter. Northern Trust Corp now owns 35,969 shares of the transportation company’s stock worth $1,228,000 after buying an additional 3,724 shares during the period. Bank of Montreal Can acquired a new stake in shares of China Eastern Airlines during the third quarter worth $312,000. Finally, Jane Street Group LLC increased its position in shares of China Eastern Airlines by 135.8% during the first quarter. Jane Street Group LLC now owns 36,191 shares of the transportation company’s stock worth $1,332,000 after buying an additional 20,841 shares during the period. Institutional investors own 0.42% of the company’s stock.
China Eastern Airlines Company Profile
China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People's Republic of China and internationally. The company offers passenger, cargo, mail delivery, ground, cargo handling, tour operations, air catering, and other extended transportation services.
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