China Yuchai International (NYSE:CYD) Stock Rating Lowered by Zacks Research

China Yuchai International (NYSE:CYD) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen upgraded China Yuchai International from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Weiss Ratings lowered China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

China Yuchai International Trading Down 1.8%

Shares of NYSE CYD opened at $43.94 on Thursday. The business’s 50 day moving average price is $50.43 and its 200-day moving average price is $45.96. China Yuchai International has a fifty-two week low of $21.27 and a fifty-two week high of $61.48.

Institutional Trading of China Yuchai International

Institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in shares of China Yuchai International in the second quarter valued at approximately $48,000. Public Employees Retirement Association of Colorado purchased a new position in China Yuchai International during the 4th quarter worth $50,000. Advisory Services Network LLC purchased a new position in China Yuchai International during the 3rd quarter worth $66,000. Deutsche Bank AG purchased a new position in China Yuchai International during the 4th quarter worth $67,000. Finally, Blue Trust Inc. bought a new stake in China Yuchai International during the 1st quarter valued at $69,000.

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.