According to Zacks, “China Eastern is involved in the Transportation Industry, and is the primary air carrier serving Shanghai, China’s eastern gateway. “
Separately, JPMorgan Chase & Co. cut China Eastern Airlines from an “overweight” rating to a “neutral” rating in a research note on Friday, July 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.00.
China Eastern Airlines (NYSE:CEA) last announced its earnings results on Tuesday, August 31st. The transportation company reported ($0.70) earnings per share (EPS) for the quarter. China Eastern Airlines had a negative net margin of 12.57% and a negative return on equity of 15.93%. The business had revenue of $3.30 billion during the quarter. As a group, equities analysts forecast that China Eastern Airlines will post -3.28 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in China Eastern Airlines in the first quarter valued at approximately $204,000. Ritholtz Wealth Management acquired a new stake in China Eastern Airlines in the first quarter valued at approximately $315,000. Citadel Advisors LLC acquired a new stake in China Eastern Airlines in the first quarter valued at approximately $369,000. Jane Street Group LLC acquired a new stake in China Eastern Airlines in the first quarter valued at approximately $495,000. Finally, OLD Mission Capital LLC acquired a new stake in China Eastern Airlines in the third quarter valued at approximately $564,000. 0.06% of the stock is currently owned by institutional investors and hedge funds.
About China Eastern Airlines
China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company offers passenger, cargo, mail delivery, ground, tour operations, air catering, and other miscellaneous services.
Read More: Inflation
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for China Eastern Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Eastern Airlines and related companies with MarketBeat.com's FREE daily email newsletter.