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

Zacks Research upgraded shares of China Yuchai International (NYSE:CYD) from a hold rating to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

Other analysts have also issued reports about the stock. Wall Street Zen lowered shares of China Yuchai International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of China Yuchai International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, China Yuchai International has an average rating of “Buy” and an average price target of $60.00.

China Yuchai International Stock Performance

NYSE:CYD opened at $53.90 on Tuesday. The firm’s 50-day moving average is $42.79 and its 200-day moving average is $41.78. China Yuchai International has a 52-week low of $16.77 and a 52-week high of $56.55.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of China Yuchai International in the third quarter valued at approximately $28,000. Quantbot Technologies LP acquired a new position in shares of China Yuchai International during the second quarter worth approximately $48,000. Public Employees Retirement Association of Colorado acquired a new position in shares of China Yuchai International during the fourth quarter worth approximately $50,000. Advisory Services Network LLC acquired a new position in shares of China Yuchai International during the third quarter worth approximately $66,000. Finally, Deutsche Bank AG acquired a new position in shares of China Yuchai International during the fourth quarter worth approximately $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.