China Yuchai International (NYSE:CYD) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, September 12th.
CYD has been the subject of a number of other research reports. Zacks Investment Research downgraded China Yuchai International from a “hold” rating to a “sell” rating in a research note on Monday, August 20th. Greenridge Global began coverage on shares of China Yuchai International in a research report on Monday, June 18th. They set a “buy” rating and a $28.00 target price on the stock. Finally, TheStreet cut shares of China Yuchai International from a “b-” rating to a “c+” rating in a research report on Tuesday, May 15th.
Shares of CYD traded down $1.19 during trading hours on Wednesday, hitting $16.23. The stock had a trading volume of 68,873 shares, compared to its average volume of 85,899. The company has a market cap of $704.82 million, a PE ratio of 5.25 and a beta of 1.27. China Yuchai International has a 1-year low of $16.16 and a 1-year high of $27.98.
China Yuchai International (NYSE:CYD) last issued its earnings results on Friday, August 10th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.24). The firm had revenue of $635.46 million during the quarter, compared to analyst estimates of $629.87 million. China Yuchai International had a net margin of 5.90% and a return on equity of 27.31%. Equities research analysts predict that China Yuchai International will post 2.23 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of CYD. Raymond James Financial Services Advisors Inc. bought a new stake in shares of China Yuchai International in the 2nd quarter worth approximately $202,000. Cambria Investment Management L.P. bought a new stake in shares of China Yuchai International in the 1st quarter worth approximately $225,000. Segall Bryant & Hamill LLC bought a new stake in shares of China Yuchai International in the 2nd quarter worth approximately $271,000. Element Capital Management LLC bought a new stake in shares of China Yuchai International in the 1st quarter worth approximately $271,000. Finally, ETRADE Capital Management LLC raised its holdings in shares of China Yuchai International by 7.0% in the 1st quarter. ETRADE Capital Management LLC now owns 45,857 shares of the company’s stock worth $971,000 after purchasing an additional 3,005 shares during the period. 27.12% of the stock is currently owned by institutional investors.
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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