China Yuchai International (NYSE:CYD) Raised to Buy at Wall Street Zen

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

CYD has been the topic of a number of other reports. Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Weiss Ratings downgraded shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $60.00.

China Yuchai International Price Performance

CYD stock opened at $48.49 on Friday. China Yuchai International has a 52 week low of $20.74 and a 52 week high of $61.48. The firm has a 50-day simple moving average of $49.06 and a 200-day simple moving average of $44.49.

Institutional Trading of China Yuchai International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp ET AL grew its position in shares of China Yuchai International by 545.9% during the third quarter. Tudor Investment Corp ET AL now owns 154,425 shares of the company’s stock worth $6,389,000 after buying an additional 130,515 shares in the last quarter. Diversify Wealth Management LLC purchased a new position in China Yuchai International in the third quarter worth approximately $2,073,000. Dorsey Wright & Associates purchased a new position in China Yuchai International in the third quarter worth approximately $2,465,000. Envestnet Asset Management Inc. acquired a new position in China Yuchai International during the 3rd quarter worth approximately $3,170,000. Finally, Precision Wealth Strategies LLC purchased a new stake in shares of China Yuchai International in the 4th quarter valued at approximately $898,000.

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.