China Yuchai International (NYSE:CYD) Rating Lowered to Hold at Zacks Research

China Yuchai International (NYSE:CYD) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Wall Street Zen upgraded China Yuchai International from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Weiss Ratings downgraded China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, China Yuchai International currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

China Yuchai International Price Performance

China Yuchai International stock opened at $43.94 on Thursday. The firm has a 50 day moving average price of $50.43 and a 200-day moving average price of $45.96. China Yuchai International has a twelve month low of $21.27 and a twelve month high of $61.48.

Hedge Funds Weigh In On China Yuchai International

Large investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in shares of China Yuchai International in the second quarter valued at approximately $48,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of China Yuchai International during the 4th quarter valued at approximately $50,000. Advisory Services Network LLC bought a new position in China Yuchai International in the 3rd quarter worth approximately $66,000. Deutsche Bank AG bought a new position in China Yuchai International in the 4th quarter worth approximately $67,000. Finally, Blue Trust Inc. bought a new position in China Yuchai International in the 1st quarter worth approximately $69,000.

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.