China Yuchai International (NYSE:CYD) Lowered to “Buy” Rating by Wall Street Zen

China Yuchai International (NYSE:CYD) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other brokerages have also issued reports on CYD. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of China Yuchai International in a research report on Monday, December 22nd. Zacks Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Finally, UBS Group started coverage on shares of China Yuchai International in a report on Tuesday, January 6th. They set a “buy” rating and a $60.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, China Yuchai International has a consensus rating of “Buy” and a consensus price target of $60.00.

China Yuchai International Price Performance

NYSE:CYD opened at $50.24 on Friday. China Yuchai International has a 52 week low of $12.66 and a 52 week high of $56.55. The firm has a 50 day moving average of $44.76 and a 200 day moving average of $39.05.

Institutional Investors Weigh In On China Yuchai International

Institutional investors and hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in China Yuchai International in the third quarter valued at approximately $28,000. Global Retirement Partners LLC acquired a new stake in China Yuchai International during the 3rd quarter valued at approximately $42,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of China Yuchai International in the 4th quarter valued at $50,000. Advisory Services Network LLC purchased a new stake in shares of China Yuchai International in the 3rd quarter valued at $66,000. Finally, Deutsche Bank AG acquired a new stake in shares of China Yuchai International in the fourth quarter worth $67,000.

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.