China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) from a hold rating to a buy rating in a research note released on Tuesday morning, Zacks.com reports. The firm currently has $33.00 target price on the transportation company’s stock.

According to Zacks, “China Eastern is involved in the Transportation Industry, and is the primary air carrier serving Shanghai, China’s eastern gateway. “

Several other research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Yara International ASA from a hold rating to a sell rating in a research report on Wednesday, March 27th. Credit Suisse Group downgraded shares of Air China from a neutral rating to an underperform rating in a research report on Monday, June 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. China Eastern Airlines Corp. Ltd. ADR Class H has a consensus rating of Buy and a consensus target price of $33.00.

CEA opened at $28.92 on Tuesday. China Eastern Airlines Corp. Ltd. ADR Class H has a twelve month low of $25.68 and a twelve month high of $42.50. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.21 and a current ratio of 0.23. The stock’s 50-day moving average is $28.59. The firm has a market cap of $8.37 billion, a P/E ratio of 20.95, a PEG ratio of 0.35 and a beta of 1.61.

China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) last released its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.99 earnings per share for the quarter. China Eastern Airlines Corp. Ltd. ADR Class H had a net margin of 2.31% and a return on equity of 4.32%. The firm had revenue of $4.45 billion during the quarter. As a group, sell-side analysts expect that China Eastern Airlines Corp. Ltd. ADR Class H will post 3.32 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Private Capital Group LLC raised its holdings in China Eastern Airlines Corp. Ltd. ADR Class H by 52.0% in the 1st quarter. Private Capital Group LLC now owns 2,267 shares of the transportation company’s stock valued at $78,000 after acquiring an additional 776 shares during the last quarter. Comerica Bank acquired a new stake in China Eastern Airlines Corp. Ltd. ADR Class H in the 1st quarter valued at about $274,000. Finally, Jane Street Group LLC raised its holdings in China Eastern Airlines Corp. Ltd. ADR Class H by 76.4% in the 4th quarter. Jane Street Group LLC now owns 26,109 shares of the transportation company’s stock valued at $715,000 after acquiring an additional 11,309 shares during the last quarter. Institutional investors own 0.08% of the company’s stock.

About China Eastern Airlines Corp. Ltd. ADR Class H

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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Analyst Recommendations for China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA)

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