China Yuchai International Limited (NYSE:CYD) Stock Has Average Price Target of $60.00 According to Brokerages

Shares of China Yuchai International Limited (NYSE:CYD) have earned an average recommendation of “Buy” from the five research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $60.00.

Several analysts recently issued reports on CYD shares. Weiss Ratings lowered shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Greenridge Global upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Zacks Research downgraded shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Wall Street Zen cut China Yuchai International from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Finally, Citigroup raised China Yuchai International to a “buy” rating in a report on Monday, July 27th.

China Yuchai International Price Performance

CYD stock opened at $28.07 on Friday. China Yuchai International has a 12 month low of $27.47 and a 12 month high of $61.48. The company’s 50-day moving average price is $37.33 and its two-hundred day moving average price is $43.54.

Insiders Place Their Bets

In related news, Director Neo Kiat sold 8,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $45.69, for a total transaction of $365,520.00. Following the completion of the sale, the director directly owned 8,000 shares in the company, valued at $365,520. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Loo Sen sold 13,200 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $46.95, for a total value of $619,740.00. Following the sale, the chief financial officer owned 13,200 shares of the company’s stock, valued at approximately $619,740. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in shares of China Yuchai International by 101.8% in the third quarter. Farther Finance Advisors LLC now owns 886 shares of the company’s stock worth $27,000 after acquiring an additional 447 shares during the last quarter. Engineers Gate Manager LP boosted its stake in shares of China Yuchai International by 25.7% in the 2nd quarter. Engineers Gate Manager LP now owns 32,487 shares of the company’s stock valued at $1,540,000 after purchasing an additional 6,647 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of China Yuchai International during the 2nd quarter valued at approximately $280,000. BTG Pactual Asset Management US LLC bought a new stake in shares of China Yuchai International during the 2nd quarter valued at approximately $211,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of China Yuchai International during the 2nd quarter valued at approximately $455,000.

China Yuchai International Company Profile

China Yuchai International Limited (NYSE: CYD) is a holding company whose principal operating subsidiary is Guangxi Yuchai Machinery Company Limited. Based in China, Yuchai develops, manufactures and sells a broad range of diesel and natural-gas engines for commercial vehicles, passenger vehicles, construction equipment, agricultural machinery, marine applications and power-generation systems.

The company also produces engine components and provides related services, including engine remanufacturing, maintenance and technical support.