China Yuchai International (NYSE:CYD) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen cut shares of China Yuchai International (NYSE:CYD) from a strong-buy rating to a buy rating in a research note published on Saturday.

Several other equities analysts have also weighed in on the stock. Zacks Research raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. UBS Group assumed coverage on shares of China Yuchai International in a research note on Tuesday, January 6th. They set a “buy” rating and a $60.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, China Yuchai International currently has an average rating of “Buy” and an average price target of $60.00.

China Yuchai International Stock Performance

Shares of NYSE CYD opened at $50.24 on Friday. China Yuchai International has a one year low of $12.66 and a one year high of $56.55. The business’s 50-day moving average price is $44.76 and its two-hundred day moving average price is $39.12.

Institutional Trading of China Yuchai International

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new stake in shares of China Yuchai International during the 1st quarter worth $422,000. Jane Street Group LLC acquired a new position in China Yuchai International during the 1st quarter worth $1,409,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in China Yuchai International by 70.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 135,881 shares of the company’s stock valued at $3,249,000 after acquiring an additional 56,085 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of China Yuchai International in the second quarter valued at about $1,278,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of China Yuchai International in the second quarter worth about $4,759,000.

China Yuchai International Company Profile

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.