Zacks Research Upgrades China Yuchai International (NYSE:CYD) to “Strong-Buy”

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

Several other equities analysts also recently weighed in on the company. Wall Street Zen upgraded China Yuchai International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. UBS Group started coverage on shares of China Yuchai International in a report on Tuesday, January 6th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of China Yuchai International in a report on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $60.00.

China Yuchai International Price Performance

Shares of China Yuchai International stock opened at $53.55 on Thursday. China Yuchai International has a fifty-two week low of $11.34 and a fifty-two week high of $55.00. The business’s fifty day moving average is $41.50 and its two-hundred day moving average is $37.14.

Institutional Trading of China Yuchai International

A number of institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in China Yuchai International during the 3rd quarter worth approximately $28,000. Global Retirement Partners LLC purchased a new stake in China Yuchai International during the third quarter worth approximately $42,000. Quantbot Technologies LP acquired a new stake in shares of China Yuchai International in the second quarter worth $48,000. Advisory Services Network LLC purchased a new position in shares of China Yuchai International in the 3rd quarter valued at $66,000. Finally, Deutsche Bank AG acquired a new position in shares of China Yuchai International during the 4th quarter valued at $67,000.

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.