China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) Raised to Buy at Goldman Sachs Group

Goldman Sachs Group upgraded shares of China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) from a neutral rating to a buy rating in a report issued on Wednesday, Briefing.com Automated Import reports.

Several other equities research analysts also recently commented on the stock. ValuEngine downgraded shares of Yara International ASA from a hold rating to a sell rating in a research report on Wednesday, March 27th. Zacks Investment Research upgraded shares of DLH from a sell rating to a hold rating in a research report on Tuesday. Finally, Credit Suisse Group downgraded shares of Air China from a neutral rating to an underperform rating in a research report on Monday, June 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $33.00.

Shares of NYSE:CEA opened at $28.92 on Wednesday. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 2.02. The stock has a market cap of $8.37 billion, a P/E ratio of 20.95, a PEG ratio of 0.35 and a beta of 1.61. China Eastern Airlines Corp. Ltd. ADR Class H has a 52 week low of $25.68 and a 52 week high of $42.50. The company has a 50 day moving average price of $28.59.

China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) last issued its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.99 EPS for the quarter. The business had revenue of $4.45 billion during the quarter. China Eastern Airlines Corp. Ltd. ADR Class H had a net margin of 2.31% and a return on equity of 4.32%. As a group, sell-side analysts predict that China Eastern Airlines Corp. Ltd. ADR Class H will post 3.32 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in CEA. Jane Street Group LLC increased its stake in China Eastern Airlines Corp. Ltd. ADR Class H by 76.4% in the 4th quarter. Jane Street Group LLC now owns 26,109 shares of the transportation company’s stock valued at $715,000 after buying an additional 11,309 shares during the period. Comerica Bank acquired a new position in China Eastern Airlines Corp. Ltd. ADR Class H in the 1st quarter valued at approximately $274,000. Finally, Private Capital Group LLC increased its stake in China Eastern Airlines Corp. Ltd. ADR Class H by 52.0% in the 1st quarter. Private Capital Group LLC now owns 2,267 shares of the transportation company’s stock valued at $78,000 after buying an additional 776 shares during the period. Hedge funds and other institutional investors own 0.08% of the company’s stock.

About China Eastern Airlines Corp. Ltd. ADR Class H

China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People's Republic of China and internationally. The company offers passenger, cargo, mail delivery, ground, cargo handling, tour operations, air catering, and other extended transportation services.

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Analyst Recommendations for China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA)

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