China Southern Airlines (ZNH) Stock Rating Lowered by Morgan Stanley

Morgan Stanley downgraded shares of China Southern Airlines (NYSE:ZNH) from an overweight rating to an equal weight rating in a research report sent to investors on Tuesday, Briefing.com Automated Import reports.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of China Southern Airlines from a strong-buy rating to a hold rating in a report on Wednesday, March 27th. ValuEngine cut shares of China Southern Airlines from a hold rating to a sell rating in a report on Monday, April 29th. Daiwa Capital Markets cut shares of China Southern Airlines from an outperform rating to a hold rating in a report on Monday, April 8th. HSBC raised shares of China Southern Airlines from a reduce rating to a hold rating in a report on Thursday, January 17th. Finally, JPMorgan Chase & Co. raised shares of China Southern Airlines from a neutral rating to an overweight rating in a report on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. China Southern Airlines has a consensus rating of Hold and a consensus price target of $55.00.

Shares of China Southern Airlines stock opened at $34.04 on Tuesday. China Southern Airlines has a 1 year low of $25.45 and a 1 year high of $57.27. The company has a current ratio of 0.29, a quick ratio of 0.27 and a debt-to-equity ratio of 1.00.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Investors Research Corp acquired a new stake in shares of China Southern Airlines in the first quarter valued at about $48,000. Raymond James & Associates acquired a new stake in shares of China Southern Airlines in the first quarter valued at about $227,000. Confluence Investment Management LLC acquired a new stake in shares of China Southern Airlines in the first quarter valued at about $234,000. Eagle Asset Management Inc. acquired a new stake in shares of China Southern Airlines in the first quarter valued at about $252,000. Finally, Jane Street Group LLC acquired a new stake in shares of China Southern Airlines in the third quarter valued at about $202,000. Institutional investors and hedge funds own 0.37% of the company’s stock.

China Southern Airlines Company Profile

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

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Analyst Recommendations for China Southern Airlines (NYSE:ZNH)

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