China Yuchai International Limited (NYSE:CYD) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of China Yuchai International Limited (NYSE:CYD) have been assigned a consensus recommendation of “Buy” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $60.00.

A number of research analysts have commented on CYD shares. Greenridge Global upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Monday. Weiss Ratings lowered China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Citigroup upgraded China Yuchai International to a “buy” rating in a research note on Monday. Wall Street Zen upgraded shares of China Yuchai International from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, Zacks Research downgraded shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 16th.

China Yuchai International Stock Performance

Shares of NYSE CYD opened at $46.41 on Tuesday. China Yuchai International has a one year low of $21.27 and a one year high of $61.48. The business has a fifty day simple moving average of $49.90 and a 200 day simple moving average of $46.41.

China Yuchai International Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, July 28th. Investors of record on Friday, July 17th will be issued a $0.87 dividend. This is an increase from China Yuchai International’s previous annual dividend of $0.53. This represents a dividend yield of 198.0%. The ex-dividend date of this dividend is Friday, July 17th.

Hedge Funds Weigh In On China Yuchai International

Several hedge funds have recently added to or reduced their stakes in CYD. Public Employees Retirement Association of Colorado bought a new position in shares of China Yuchai International in the 4th quarter valued at about $50,000. Advisory Services Network LLC bought a new stake in shares of China Yuchai International during the 3rd quarter valued at $66,000. Blue Trust Inc. acquired a new position in shares of China Yuchai International in the 1st quarter valued at $69,000. Deutsche Bank AG bought a new position in shares of China Yuchai International in the 4th quarter worth $67,000. Finally, Assetmark Inc. grew its stake in shares of China Yuchai International by 12,312.5% during the fourth quarter. Assetmark Inc. now owns 1,986 shares of the company’s stock worth $71,000 after purchasing an additional 1,970 shares during the period.

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.