China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) Upgraded to “Buy” at Goldman Sachs Group

Goldman Sachs Group upgraded shares of China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) from a neutral rating to a buy rating in a research note issued to investors on Wednesday, Briefing.com Automated Import reports.

Several other research analysts also recently issued reports on the company. Credit Suisse Group downgraded Air China from a neutral rating to an underperform rating in a report on Monday, June 10th. Zacks Investment Research raised DLH from a sell rating to a hold rating in a report on Tuesday, July 9th. Finally, ValuEngine cut shares of Yara International ASA from a hold rating to a sell rating in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $33.00.

NYSE:CEA opened at $28.92 on Wednesday. The stock’s fifty day moving average price is $28.59. China Eastern Airlines Corp. Ltd. ADR Class H has a 52-week low of $25.68 and a 52-week 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 firm has a market cap of $8.37 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 0.35 and a beta of 1.61.

China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) last posted its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.99 earnings per share (EPS) for the quarter. China Eastern Airlines Corp. Ltd. ADR Class H had a return on equity of 4.32% and a net margin of 2.31%. The firm had revenue of $4.45 billion for the quarter. Analysts forecast that China Eastern Airlines Corp. Ltd. ADR Class H will post 3.32 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of CEA. Private Capital Group LLC raised its position in shares of China Eastern Airlines Corp. Ltd. ADR Class H by 52.0% during 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 bought a new stake in shares of China Eastern Airlines Corp. Ltd. ADR Class H during the 1st quarter valued at $274,000. Finally, Jane Street Group LLC raised its position in shares of China Eastern Airlines Corp. Ltd. ADR Class H by 76.4% during 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.

Featured Article: Price to Earnings Ratio (PE) Basics

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

Receive News & Ratings for China Eastern Airlines Corp. Ltd. ADR Class H Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Eastern Airlines Corp. Ltd. ADR Class H and related companies with MarketBeat.com's FREE daily email newsletter.