China Southern Airlines (ZNH) Cut to “Sell” at ValuEngine

ValuEngine lowered shares of China Southern Airlines (NYSE:ZNH) from a hold rating to a sell rating in a research note published on Monday, February 4th.

ZNH has been the subject of a number of other reports. Zacks Investment Research upgraded shares of China Southern Airlines from a sell rating to a hold rating in a research report on Saturday, November 17th. HSBC raised shares of China Southern Airlines from a reduce rating to a hold rating in a report on Thursday, January 17th. JPMorgan Chase & Co. raised shares of China Southern Airlines from a neutral rating to an overweight rating in a report on Tuesday, January 22nd. Finally, Credit Suisse Group raised shares of China Southern Airlines from an underperform rating to a neutral rating in a research note on Friday, January 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $55.00.

NYSE ZNH traded up $0.56 during mid-day trading on Monday, reaching $41.00. 37,155 shares of the stock were exchanged, compared to its average volume of 28,150. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.37. The company has a market capitalization of $9.92 billion, a PE ratio of 10.65 and a beta of 1.51. China Southern Airlines has a 1 year low of $25.45 and a 1 year high of $66.77.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in China Southern Airlines by 58.0% in the third quarter. Wells Fargo & Company MN now owns 24,996 shares of the transportation company’s stock valued at $801,000 after acquiring an additional 9,180 shares in the last quarter. US Bancorp DE raised its holdings in China Southern Airlines by 3,115.5% during the third quarter. US Bancorp DE now owns 3,119 shares of the transportation company’s stock worth $100,000 after purchasing an additional 3,022 shares in the last quarter. Northern Trust Corp raised its holdings in China Southern Airlines by 10.7% during the second quarter. Northern Trust Corp now owns 33,743 shares of the transportation company’s stock worth $1,334,000 after purchasing an additional 3,265 shares in the last quarter. Jane Street Group LLC acquired a new stake in China Southern Airlines during the third quarter worth approximately $202,000. Finally, BlackRock Inc. acquired a new stake in China Southern Airlines during the third quarter worth approximately $661,000. 0.38% of the stock is owned by institutional investors and hedge funds.

China Southern Airlines Company Profile

China Southern Airlines Company Limited provides airlines transportation services in the People's Republic of China and internationally. The company operates through two segments, Airline Transportation Operations and Other. It offers passenger, cargo, mail delivery, and other extended transportation services.

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Analyst Recommendations for China Southern Airlines (NYSE:ZNH)

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