China Yuchai International (NYSE:CYD) Upgraded by Zacks Research to “Strong-Buy” Rating

China Yuchai International (NYSE:CYD) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other analysts also recently commented on the stock. Wall Street Zen raised shares of China Yuchai International from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 16th. UBS Group initiated coverage on China Yuchai International in a research note on Tuesday, January 6th. They set a “buy” rating and a $60.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $60.00.

China Yuchai International Trading Up 2.3%

NYSE:CYD opened at $53.55 on Thursday. China Yuchai International has a 1 year low of $11.34 and a 1 year high of $55.00. The stock has a fifty day moving average price of $41.50 and a two-hundred day moving average price of $37.14.

Institutional Investors Weigh In On China Yuchai International

A number of large investors have recently bought and sold shares of CYD. State of Wyoming increased its position in China Yuchai International by 9.8% during the fourth quarter. State of Wyoming now owns 4,956 shares of the company’s stock worth $176,000 after buying an additional 443 shares in the last quarter. Personal CFO Solutions LLC increased its position in China Yuchai International by 5.3% during the 4th quarter. Personal CFO Solutions LLC now owns 10,275 shares of the company’s stock worth $365,000 after purchasing an additional 513 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in China Yuchai International in the 3rd quarter valued at about $28,000. AdvisorShares Investments LLC lifted its holdings in China Yuchai International by 1.7% in the 4th quarter. AdvisorShares Investments LLC now owns 43,852 shares of the company’s stock valued at $1,557,000 after purchasing an additional 752 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of China Yuchai International during the 3rd quarter worth about $42,000.

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.