China Yuchai International Limited (NYSE:CYD) Stock Has Consensus Target Price of $60.00 According to Brokerages

Shares of China Yuchai International Limited (NYSE:CYD) have received a consensus recommendation of “Buy” from the five ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $60.00.

CYD has been the topic of a number of research reports. Citigroup raised shares of China Yuchai International to a “buy” rating in a research note on Monday, July 27th. Zacks Research downgraded shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Wall Street Zen cut shares of China Yuchai International from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Weiss Ratings cut shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Finally, Greenridge Global raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th.

China Yuchai International Price Performance

Shares of NYSE:CYD opened at $26.42 on Friday. The business’s 50 day simple moving average is $36.44 and its 200-day simple moving average is $43.39. China Yuchai International has a 12 month low of $26.11 and a 12 month high of $61.48.

Insider Buying and Selling

In related news, CFO Loo Sen sold 13,200 shares of China Yuchai International stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $46.95, for a total transaction of $619,740.00. Following the completion of the transaction, the chief financial officer directly owned 13,200 shares in the company, valued at $619,740. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Neo Kiat sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $45.69, for a total value of $365,520.00. Following the completion of the sale, the director directly owned 8,000 shares in the company, valued at approximately $365,520. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Investors Weigh In On China Yuchai International

A number of large investors have recently bought and sold shares of CYD. Farther Finance Advisors LLC increased its position in China Yuchai International by 101.8% during the third quarter. Farther Finance Advisors LLC now owns 886 shares of the company’s stock worth $27,000 after buying an additional 447 shares in the last quarter. Engineers Gate Manager LP lifted its position in shares of China Yuchai International by 25.7% in the second quarter. Engineers Gate Manager LP now owns 32,487 shares of the company’s stock valued at $1,540,000 after acquiring an additional 6,647 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of China Yuchai International in the second quarter valued at $280,000. BTG Pactual Asset Management US LLC purchased a new stake in shares of China Yuchai International in the second quarter valued at $211,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of China Yuchai International during the second quarter valued at $455,000.

About China Yuchai International

China Yuchai International Limited (NYSE: CYD) is a holding company whose principal operating subsidiary is Guangxi Yuchai Machinery Company Limited. Based in China, Yuchai develops, manufactures and sells a broad range of diesel and natural-gas engines for commercial vehicles, passenger vehicles, construction equipment, agricultural machinery, marine applications and power-generation systems.

The company also produces engine components and provides related services, including engine remanufacturing, maintenance and technical support.