Shares of China Yuchai International Limited (NYSE:CYD) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price target of $26.00 for the company and are forecasting that the company will post $0.72 earnings per share for the current quarter, according to Zacks. Zacks has also assigned China Yuchai International an industry rank of 150 out of 256 based on the ratings given to its competitors.
A number of research firms have recently issued reports on CYD. TheStreet raised shares of China Yuchai International from a “c” rating to a “b-” rating in a research report on Tuesday, May 28th. Zacks Investment Research raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a research report on Tuesday, May 14th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in China Yuchai International by 13.6% during the third quarter. Bank of New York Mellon Corp now owns 52,595 shares of the company’s stock valued at $908,000 after buying an additional 6,303 shares during the period. Morgan Stanley raised its position in China Yuchai International by 9.5% during the third quarter. Morgan Stanley now owns 114,643 shares of the company’s stock valued at $1,980,000 after buying an additional 9,944 shares during the period. Mackenzie Financial Corp acquired a new position in China Yuchai International during the fourth quarter valued at $201,000. California Public Employees Retirement System raised its position in China Yuchai International by 6.3% during the fourth quarter. California Public Employees Retirement System now owns 96,291 shares of the company’s stock valued at $1,198,000 after buying an additional 5,727 shares during the period. Finally, Arnhold LLC increased its position in China Yuchai International by 26.2% in the 4th quarter. Arnhold LLC now owns 265,000 shares of the company’s stock worth $3,297,000 after purchasing an additional 55,000 shares during the last quarter. 24.92% of the stock is currently owned by institutional investors and hedge funds.
Shares of CYD stock remained flat at $$14.07 on Friday. 1,999 shares of the stock were exchanged, compared to its average volume of 33,240. The company has a market cap of $589.32 million, a PE ratio of 5.67 and a beta of 1.82. The business’s 50 day moving average price is $14.36. China Yuchai International has a one year low of $12.00 and a one year high of $23.00.
China Yuchai International (NYSE:CYD) last released its quarterly earnings data on Friday, May 10th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.02). The company had revenue of $618.29 million for the quarter, compared to the consensus estimate of $685.49 million. China Yuchai International had a return on equity of 23.05% and a net margin of 4.04%. As a group, equities analysts anticipate that China Yuchai International will post 2.65 EPS for the current fiscal year.
The firm also recently declared an annual dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, July 11th will be given a $0.85 dividend. The ex-dividend date is Wednesday, July 10th. This represents a yield of 5.89%. China Yuchai International’s payout ratio is 29.44%.
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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