China Yuchai International (NYSE:CYD) Rating Lowered to “Hold” at Zacks Research
by Doug Wharley · The Cerbat GemChina Yuchai International (NYSE:CYD – Get Free Report) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.
Other analysts have also recently issued reports about the stock. Wall Street Zen cut shares of China Yuchai International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of China Yuchai International in a research report on Monday, December 22nd. Finally, UBS Group initiated coverage on shares of China Yuchai International in a research report on Tuesday, January 6th. They set a “buy” rating and a $60.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.
Check Out Our Latest Analysis on China Yuchai International
China Yuchai International Price Performance
China Yuchai International stock traded down $0.65 during trading hours on Monday, hitting $41.52. 15,052 shares of the stock were exchanged, compared to its average volume of 193,853. China Yuchai International has a 12 month low of $13.37 and a 12 month high of $56.55. The business’s 50-day moving average is $44.69 and its two-hundred day moving average is $40.51.
Hedge Funds Weigh In On China Yuchai International
Several large investors have recently bought and sold shares of CYD. UBS Group AG lifted its holdings in China Yuchai International by 752.8% in the third quarter. UBS Group AG now owns 849,464 shares of the company’s stock valued at $35,142,000 after buying an additional 749,861 shares during the period. Millennium Management LLC raised its holdings in China Yuchai International by 157.3% in the third quarter. Millennium Management LLC now owns 720,231 shares of the company’s stock worth $29,796,000 after purchasing an additional 440,278 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in China Yuchai International in the second quarter worth $4,307,000. Tudor Investment Corp ET AL raised its holdings in China Yuchai International by 545.9% in the third quarter. Tudor Investment Corp ET AL now owns 154,425 shares of the company’s stock worth $6,389,000 after purchasing an additional 130,515 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in China Yuchai International by 73.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,141 shares of the company’s stock worth $9,728,000 after purchasing an additional 99,260 shares during the period.
About China Yuchai International
China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.
The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.