Zacks: Brokerages Set $26.00 Target Price for China Yuchai International Limited (CYD)

Shares of China Yuchai International Limited (NYSE:CYD) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus target price 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 192 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a research report on Tuesday, May 14th.

NYSE:CYD traded up $0.04 on Wednesday, reaching $13.95. The company’s stock had a trading volume of 37,564 shares, compared to its average volume of 42,147. China Yuchai International has a 12-month low of $12.00 and a 12-month high of $23.82. The company has a market capitalization of $569.33 million, a P/E ratio of 5.63 and a beta of 1.79.

China Yuchai International (NYSE:CYD) last posted its earnings results on Friday, May 10th. The company reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.02). China Yuchai International had a net margin of 4.04% and a return on equity of 23.05%. The business had revenue of $618.29 million during the quarter, compared to analysts’ expectations of $685.49 million. Equities analysts expect that China Yuchai International will post 2.65 EPS for the current year.

A number of large investors have recently bought and sold shares of CYD. Rocky Mountain Advisers LLC lifted its holdings in shares of China Yuchai International by 350.7% in the 1st quarter. Rocky Mountain Advisers LLC now owns 1,600 shares of the company’s stock valued at $25,000 after purchasing an additional 1,245 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in China Yuchai International in the fourth quarter worth $201,000. Raymond James Financial Services Advisors Inc. acquired a new stake in China Yuchai International in the fourth quarter worth $254,000. Northern Trust Corp raised its holdings in China Yuchai International by 3.6% in the fourth quarter. Northern Trust Corp now owns 22,130 shares of the company’s stock worth $275,000 after purchasing an additional 762 shares during the period. Finally, Ramsey Quantitative Systems raised its holdings in China Yuchai International by 28.1% in the fourth quarter. Ramsey Quantitative Systems now owns 26,672 shares of the company’s stock worth $332,000 after purchasing an additional 5,845 shares during the period. Institutional investors own 24.92% of the company’s stock.

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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