China Yuchai International Limited (NYSE:CYD) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price objective of $28.00 for the company and are predicting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also given China Yuchai International an industry rank of 216 out of 257 based on the ratings given to related companies.
A number of brokerages have recently weighed in on CYD. Zacks Investment Research downgraded China Yuchai International from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. ValuEngine downgraded China Yuchai International from a “hold” rating to a “sell” rating in a report on Thursday, July 19th.
Hedge funds have recently modified their holdings of the company. Shah Capital Management grew its stake in China Yuchai International by 1.8% in the third quarter. Shah Capital Management now owns 3,293,594 shares of the company’s stock valued at $56,880,000 after purchasing an additional 58,165 shares in the last quarter. Acadian Asset Management LLC grew its stake in China Yuchai International by 6.0% in the third quarter. Acadian Asset Management LLC now owns 1,284,337 shares of the company’s stock valued at $22,183,000 after purchasing an additional 73,139 shares in the last quarter. Brandes Investment Partners LP grew its stake in China Yuchai International by 8.8% in the second quarter. Brandes Investment Partners LP now owns 929,658 shares of the company’s stock valued at $20,173,000 after purchasing an additional 75,301 shares in the last quarter. Renaissance Technologies LLC grew its stake in China Yuchai International by 61.5% in the second quarter. Renaissance Technologies LLC now owns 304,014 shares of the company’s stock valued at $6,597,000 after purchasing an additional 115,814 shares in the last quarter. Finally, Arnhold LLC grew its stake in China Yuchai International by 15.1% in the third quarter. Arnhold LLC now owns 210,000 shares of the company’s stock valued at $3,627,000 after purchasing an additional 27,500 shares in the last quarter. Institutional investors and hedge funds own 26.85% of the company’s stock.
Shares of CYD stock traded down $0.60 on Friday, reaching $14.21. 35,874 shares of the company’s stock traded hands, compared to its average volume of 42,232. China Yuchai International has a 12-month low of $13.67 and a 12-month high of $27.98. The company has a market capitalization of $631.36 million, a price-to-earnings ratio of 4.60 and a beta of 1.42.
China Yuchai International (NYSE:CYD) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.11). China Yuchai International had a net margin of 5.90% and a return on equity of 27.31%. The business had revenue of $463.63 million for the quarter, compared to analysts’ expectations of $574.76 million. On average, analysts anticipate that China Yuchai International will post 2.23 EPS for the current fiscal year.
About China Yuchai International
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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