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

Key Points

• Analysts hold a consensus “Buy” rating on China Yuchai International, with an average 12-month price target of $60.00 from five analysts.
• Recent analyst views were mixed: Citigroup and Greenridge Global upgraded the stock, while Zacks Research, Wall Street Zen and Weiss Ratings issued downgrades or lowered their assessments.
• CYD opened at $29.78, near its 52-week low of $28.03 and well below its $61.48 high. Several institutional investors increased their holdings, while the CFO and a director each sold half of their respective positions.

China Yuchai International Limited (NYSE:CYD - Get Free Report) has been given a consensus recommendation of "Buy" by the five analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $60.00.

A number of research analysts recently issued reports on CYD shares. Citigroup upgraded China Yuchai International to a "buy" rating in a research note on Monday, July 27th. Greenridge Global upgraded shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Zacks Research downgraded shares of China Yuchai International from a "strong-buy" rating to a "hold" rating in a report on Friday, September 25th. Wall Street Zen downgraded shares of China Yuchai International from a "buy" rating to a "hold" rating in a report on Saturday, September 26th. Finally, Weiss Ratings lowered shares of China Yuchai International from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday.

Insider Buying and Selling at China Yuchai International

In related news, CFO Loo Sen sold 13,200 shares of China Yuchai International stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $46.95, for a total transaction of $619,740.00. Following the transaction, the chief financial officer owned 13,200 shares in the company, valued at approximately $619,740. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Neo Kiat sold 8,000 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $45.69, for a total transaction of $365,520.00. Following the completion of the transaction, the director directly owned 8,000 shares of the company's stock, valued at $365,520. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Investors Weigh In On China Yuchai International

A number of institutional investors and hedge funds have recently bought and sold shares of CYD. Renaissance Technologies LLC grew its holdings in China Yuchai International by 23.4% during the 1st quarter. Renaissance Technologies LLC now owns 343,603 shares of the company's stock valued at $13,229,000 after buying an additional 65,109 shares in the last quarter. Matthews International Capital Management LLC raised its holdings in shares of China Yuchai International by 423.7% during the 1st quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company's stock worth $12,475,000 after acquiring an additional 262,165 shares in the last quarter. Dorsey Wright & Associates raised its holdings in shares of China Yuchai International by 41.6% during the 1st quarter. Dorsey Wright & Associates now owns 90,208 shares of the company's stock worth $3,473,000 after acquiring an additional 26,482 shares in the last quarter. Diversify Wealth Management LLC boosted its position in shares of China Yuchai International by 41.2% during the 1st quarter. Diversify Wealth Management LLC now owns 76,412 shares of the company's stock valued at $3,063,000 after acquiring an additional 22,305 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of China Yuchai International by 30.6% during the 1st quarter. Sei Investments Co. now owns 45,223 shares of the company's stock valued at $1,741,000 after acquiring an additional 10,600 shares during the last quarter.

China Yuchai International Stock Up 2.4%

NYSE CYD opened at $29.78 on Friday. The stock's 50-day moving average price is $38.10 and its 200-day moving average price is $43.70. China Yuchai International has a 52 week low of $28.03 and a 52 week high of $61.48.

About China Yuchai International

China Yuchai International Limited NYSE: CYD is a holding company whose principal operating subsidiary is Guangxi Yuchai Machinery Company Limited. Based in China, Yuchai develops, manufactures and sells a broad range of diesel and natural-gas engines for commercial vehicles, passenger vehicles, construction equipment, agricultural machinery, marine applications and power-generation systems.

The company also produces engine components and provides related services, including engine remanufacturing, maintenance and technical support.

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