China Yuchai International (NYSE:CYD) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of China Yuchai International (NYSE:CYD) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

Several other research analysts also recently weighed in on the company. UBS Group began coverage on China Yuchai International in a research note on Tuesday, January 6th. They set a “buy” rating and a $60.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of China Yuchai International in a report on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of China Yuchai International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 16th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $60.00.

China Yuchai International Trading Up 2.3%

NYSE CYD opened at $53.55 on Thursday. China Yuchai International has a 52 week low of $11.34 and a 52 week high of $55.00. The company has a 50 day moving average price of $41.50 and a 200 day moving average price of $37.14.

Hedge Funds Weigh In On China Yuchai International

Institutional investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. purchased a new stake in shares of China Yuchai International in the third quarter worth about $724,000. AdvisorShares Investments LLC purchased a new position in China Yuchai International during the third quarter valued at approximately $1,783,000. Matthews International Capital Management LLC acquired a new position in China Yuchai International in the third quarter valued at approximately $2,270,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in China Yuchai International by 70.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 135,881 shares of the company’s stock worth $3,249,000 after purchasing an additional 56,085 shares in the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of China Yuchai International during the 2nd quarter worth approximately $4,759,000.

China Yuchai International Company Profile

China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.

The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.