Brokerages Set China Yuchai International Limited (NYSE:CYD) Target Price at $60.00

Shares of China Yuchai International Limited (NYSE:CYD) have been assigned an average rating of “Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $60.00.

A number of analysts have weighed in on the company. Greenridge Global upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Wall Street Zen raised China Yuchai International from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Zacks Research lowered China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 16th. Citigroup upgraded China Yuchai International to a “buy” rating in a research note on Monday, July 27th. Finally, Weiss Ratings downgraded China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado purchased a new stake in China Yuchai International in the fourth quarter valued at $50,000. Advisory Services Network LLC purchased a new position in shares of China Yuchai International during the third quarter worth about $66,000. Blue Trust Inc. purchased a new position in shares of China Yuchai International during the first quarter worth about $69,000. Deutsche Bank AG acquired a new stake in shares of China Yuchai International during the fourth quarter worth about $67,000. Finally, Assetmark Inc. increased its position in shares of China Yuchai International by 12,312.5% during the fourth quarter. Assetmark Inc. now owns 1,986 shares of the company’s stock worth $71,000 after purchasing an additional 1,970 shares in the last quarter.

China Yuchai International Stock Down 1.4%

China Yuchai International stock opened at $46.52 on Tuesday. The company has a fifty day simple moving average of $49.07 and a 200-day simple moving average of $46.57. China Yuchai International has a 12-month low of $22.35 and a 12-month high of $61.48.

China Yuchai International Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, July 28th. Shareholders of record on Friday, July 17th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, July 17th. This is an increase from China Yuchai International’s previous annual dividend of $0.53. This represents a yield of 198.0%.

About China Yuchai International

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.