China Yuchai International (NYSE:CYD) Cut to “Buy” at Wall Street Zen

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

Other equities research analysts have also issued research reports about the company. Zacks Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. UBS Group initiated coverage on shares of China Yuchai International in a research note on Tuesday, January 6th. They issued a “buy” rating and a $60.00 target price for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of China Yuchai International in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $60.00.

China Yuchai International Stock Performance

Shares of 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 stock’s 50-day moving average price is $44.76 and its 200-day moving average price is $39.05.

Institutional Investors Weigh In On China Yuchai International

A number of institutional investors have recently added to or reduced their stakes in CYD. Dorsey Wright & Associates increased its holdings in China Yuchai International by 6.9% in the 4th quarter. Dorsey Wright & Associates now owns 63,726 shares of the company’s stock worth $2,262,000 after acquiring an additional 4,134 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of China Yuchai International in the fourth quarter valued at about $315,000. Voloridge Investment Management LLC purchased a new stake in shares of China Yuchai International during the fourth quarter worth about $959,000. Tudor Investment Corp ET AL increased its stake in shares of China Yuchai International by 25.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 193,555 shares of the company’s stock worth $6,871,000 after purchasing an additional 39,130 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of China Yuchai International during the 4th quarter worth about $512,000.

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.