China Yuchai International (CYD) Upgraded to Hold by ValuEngine
ValuEngine upgraded shares of China Yuchai International (NYSE:CYD) from a sell rating to a hold rating in a report published on Friday.
Other analysts have also issued research reports about the stock. TheStreet lowered shares of China Yuchai International from a b- rating to a c+ rating in a research note on Tuesday, May 15th. Greenridge Global began coverage on shares of China Yuchai International in a research note on Monday, June 18th. They set a buy rating and a $28.00 target price for the company.
CYD opened at $18.33 on Friday. The firm has a market capitalization of $756.25 million, a P/E ratio of 5.93 and a beta of 1.15. China Yuchai International has a 12-month low of $16.16 and a 12-month high of $27.98.
Hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in China Yuchai International by 53.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,567 shares of the company’s stock valued at $182,000 after purchasing an additional 2,621 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in China Yuchai International during the second quarter valued at $202,000. Cambria Investment Management L.P. bought a new stake in China Yuchai International during the first quarter valued at $225,000. Segall Bryant & Hamill LLC bought a new stake in China Yuchai International during the second quarter valued at $271,000. Finally, Element Capital Management LLC bought a new stake in China Yuchai International during the first quarter valued at $271,000. Hedge funds and other institutional investors own 26.20% of the company’s stock.
China Yuchai International Company Profile
China Yuchai International Limited, through its subsidiaries, manufactures and sells diesel and natural gas engines in the People's Republic of China and internationally. It operates in two segments, Yuchai and HLGE. The company provides diesel and natural gas engines for light trucks, medium and heavy-duty trucks, buses and passenger vehicles, and marine and industrial applications; and generator sets.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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