ValuEngine upgraded shares of China Southern Airlines (NYSE:ZNH) from a sell rating to a hold rating in a research note published on Tuesday, ValuEngine reports.

Other analysts have also recently issued reports about the company. UBS Group cut China Southern Airlines from a neutral rating to a sell rating in a research report on Monday, February 25th. Daiwa Capital Markets cut China Southern Airlines from an outperform rating to a hold rating in a research report on Monday, April 8th. Morgan Stanley cut China Southern Airlines from an overweight rating to an equal weight rating in a research report on Tuesday, May 14th. Credit Suisse Group cut China Southern Airlines from a neutral rating to an underperform rating in a research report on Monday. Finally, Zacks Investment Research cut China Southern Airlines from a strong-buy rating to a hold rating in a research report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. China Southern Airlines presently has an average rating of Hold.

NYSE ZNH opened at $32.81 on Tuesday. China Southern Airlines has a twelve month low of $25.45 and a twelve month high of $57.27. The company has a current ratio of 0.29, a quick ratio of 0.27 and a debt-to-equity ratio of 1.00. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 16.41 and a beta of 1.74.

China Southern Airlines (NYSE:ZNH) last posted its earnings results on Friday, April 26th. The transportation company reported ($0.94) earnings per share (EPS) for the quarter. The business had revenue of $5.02 billion during the quarter. China Southern Airlines had a return on equity of 4.48% and a net margin of 2.39%. On average, analysts predict that China Southern Airlines will post 4.35 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of ZNH. Parametric Portfolio Associates LLC boosted its stake in China Southern Airlines by 6.1% in the first quarter. Parametric Portfolio Associates LLC now owns 93,405 shares of the transportation company’s stock valued at $4,065,000 after acquiring an additional 5,388 shares in the last quarter. Northern Trust Corp lifted its stake in shares of China Southern Airlines by 74.3% during the first quarter. Northern Trust Corp now owns 71,015 shares of the transportation company’s stock worth $3,089,000 after buying an additional 30,279 shares during the period. Jane Street Group LLC lifted its stake in shares of China Southern Airlines by 8.5% during the first quarter. Jane Street Group LLC now owns 48,863 shares of the transportation company’s stock worth $2,127,000 after buying an additional 3,811 shares during the period. OLD Mission Capital LLC lifted its stake in shares of China Southern Airlines by 128.6% during the first quarter. OLD Mission Capital LLC now owns 42,357 shares of the transportation company’s stock worth $1,843,000 after buying an additional 23,832 shares during the period. Finally, Morgan Stanley raised its holdings in shares of China Southern Airlines by 209.4% during the first quarter. Morgan Stanley now owns 20,668 shares of the transportation company’s stock worth $900,000 after purchasing an additional 13,987 shares during the last quarter. 0.39% of the stock is currently owned by hedge funds and other institutional investors.

About China Southern Airlines

China Southern Airlines Company Limited provides airlines transportation services in the People's Republic of China and internationally. It operates through two segments, Airline Transportation Operations and Other Segments. The company offers passenger, cargo, mail delivery, and other extended transportation services.

Further Reading: How is diluted EPS different from basic EPS?

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Analyst Recommendations for China Southern Airlines (NYSE:ZNH)

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