China Yuchai International (CYD) Lowered to Strong Sell at ValuEngine

China Yuchai International (NYSE:CYD) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Monday.

Other equities analysts have also recently issued reports about the company. Greenridge Global initiated coverage on 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. Zacks Investment Research cut China Yuchai International from a “hold” rating to a “sell” rating in a research report on Monday, August 20th.

Shares of NYSE CYD traded down $0.21 during mid-day trading on Monday, hitting $16.02. The company had a trading volume of 64,800 shares, compared to its average volume of 85,791. The stock has a market cap of $704.82 million, a PE ratio of 5.18 and a beta of 1.27. China Yuchai International has a 1 year low of $15.99 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.24). China Yuchai International had a return on equity of 27.31% and a net margin of 5.90%. The business had revenue of $635.46 million for the quarter, compared to analysts’ expectations of $629.87 million. Analysts predict that China Yuchai International will post 2.23 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. purchased a new position in China Yuchai International during the second quarter worth about $202,000. Segall Bryant & Hamill LLC purchased a new position in China Yuchai International during the second quarter worth about $271,000. Element Capital Management LLC purchased a new position in shares of China Yuchai International in the 1st quarter worth about $271,000. Northern Trust Corp boosted its holdings in shares of China Yuchai International by 6.3% in the 1st quarter. Northern Trust Corp now owns 48,182 shares of the company’s stock worth $1,020,000 after purchasing an additional 2,850 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of China Yuchai International by 60.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 70,033 shares of the company’s stock worth $1,478,000 after purchasing an additional 26,284 shares in 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.

Further Reading: Hedge Funds

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

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