China Yuchai International Limited (NYSE:CYD) Stock Has Average Price Target of $60.00

Key Points

• Five brokerages give China Yuchai International an average Buy rating, with a consensus one-year price target of $60; recommendations are split between two holds, one buy, and two strong buys.
• CYD opened at $21.50, near its $20.94 one-year low and well below its 50-day ($30.92) and 200-day ($42.52) moving averages.
• A director and the CFO each sold shares, reducing their individual holdings by 50%; meanwhile, several institutional investors increased their positions during recent quarters.

Shares of China Yuchai International Limited (NYSE:CYD - Get Free Report) have received an average rating of "Buy" from the five brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $60.00.

A number of research firms have commented on CYD. Wall Street Zen lowered shares of China Yuchai International from a "buy" rating to a "hold" rating in a research note on Saturday, September 26th. Citigroup upgraded shares of China Yuchai International to a "buy" rating in a report on Monday, July 27th. Zacks Research downgraded shares of China Yuchai International from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 25th. Weiss Ratings downgraded 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 upgraded shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th.

Insiders Place Their Bets

In other news, Director Neo Kiat sold 8,000 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $45.69, for a total value of $365,520.00. Following the completion of the sale, the director owned 8,000 shares of the company's stock, valued at $365,520. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Loo Sen sold 13,200 shares of the firm's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $46.95, for a total value of $619,740.00. Following the completion of the sale, the chief financial officer directly owned 13,200 shares of the company's stock, valued at approximately $619,740. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing.

Institutional Investors Weigh In On China Yuchai International

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its stake in China Yuchai International by 565.2% during the 3rd quarter. Parallel Advisors LLC now owns 1,703 shares of the company's stock valued at $53,000 after acquiring an additional 1,447 shares in the last quarter. Diversify Advisory Services LLC lifted its position in shares of China Yuchai International by 24.7% in the third quarter. Diversify Advisory Services LLC now owns 96,130 shares of the company's stock worth $2,983,000 after purchasing an additional 19,017 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of China Yuchai International by 101.8% in the third quarter. Farther Finance Advisors LLC now owns 886 shares of the company's stock worth $27,000 after purchasing an additional 447 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in shares of China Yuchai International by 25.7% during the second quarter. Engineers Gate Manager LP now owns 32,487 shares of the company's stock worth $1,540,000 after purchasing an additional 6,647 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of China Yuchai International during the second quarter worth approximately $280,000.

China Yuchai International Price Performance

Shares of CYD opened at $21.50 on Thursday. The business's 50-day moving average price is $30.92 and its 200 day moving average price is $42.52. China Yuchai International has a 1-year low of $20.94 and a 1-year high of $61.48.

China Yuchai International Company Profile

China Yuchai International Limited NYSE: CYD is a holding company whose principal operating subsidiary, Guangxi Yuchai Machinery Company Limited, manufactures and sells engines in China. The company is one of the country's established engine producers and serves commercial vehicle, transportation, construction, agricultural and marine equipment markets.

Its product portfolio includes diesel, natural-gas and other powertrain products used in trucks, buses, passenger vehicles, construction machinery, agricultural equipment, vessels and power-generation applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.