China Southern Airlines (NYSE:ZNH) Rating Increased to Hold at ValuEngine

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ValuEngine upgraded shares of China Southern Airlines (NYSE:ZNH) from a sell rating to a hold rating in a research note published on Tuesday, ValuEngine reports.

ZNH has been the subject of several other research reports. Daiwa Capital Markets lowered shares of China Southern Airlines from an outperform rating to a hold rating in a research note on Monday, April 8th. UBS Group lowered shares of China Southern Airlines from a neutral rating to a sell rating in a research note on Monday, February 25th. Morgan Stanley lowered shares of China Southern Airlines from an overweight rating to an equal weight rating in a research note on Tuesday, May 14th. Credit Suisse Group lowered shares of China Southern Airlines from a neutral rating to an underperform rating in a research note on Monday. Finally, Zacks Investment Research lowered shares of China Southern Airlines from a strong-buy rating to a hold rating in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold.

Shares of ZNH stock opened at $32.04 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.29 and a debt-to-equity ratio of 1.00. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 16.02 and a beta of 1.74. China Southern Airlines has a 1-year low of $25.45 and a 1-year high of $56.55.

China Southern Airlines (NYSE:ZNH) last announced its earnings results on Friday, April 26th. The transportation company reported ($0.94) earnings per share for the quarter. The company had revenue of $5.02 billion for the quarter. China Southern Airlines had a return on equity of 4.48% and a net margin of 2.39%. Equities research analysts anticipate that China Southern Airlines will post 4.35 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Investors Research Corp purchased a new position in shares of China Southern Airlines in the first quarter valued at approximately $48,000. Raymond James & Associates purchased a new position in shares of China Southern Airlines in the first quarter valued at approximately $227,000. Confluence Investment Management LLC purchased a new position in shares of China Southern Airlines in the first quarter valued at approximately $234,000. Millennium Management LLC acquired a new stake in China Southern Airlines in the fourth quarter valued at approximately $242,000. Finally, Eagle Asset Management Inc. acquired a new stake in China Southern Airlines in the first quarter valued at approximately $252,000. 0.39% of the stock is owned by institutional investors and hedge funds.

China Southern Airlines Company Profile

China Southern Airlines Company Limited provides airlines transportation services in the People's Republic of China and internationally. It operates through two segments, Airline Transportation Operations and Other Segments. The company offers passenger, cargo, mail delivery, and other extended transportation services.

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Analyst Recommendations for China Southern Airlines (NYSE:ZNH)

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