China Yuchai International (NYSE:CYD) Stock Rating Upgraded by Zacks Research

China Yuchai International (NYSE:CYD) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. Weiss Ratings lowered China Yuchai International from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 15th. Wall Street Zen lowered China Yuchai International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, China Yuchai International has a consensus rating of “Buy” and an average target price of $60.00.

China Yuchai International Trading Up 6.9%

Shares of China Yuchai International stock opened at $53.90 on Tuesday. China Yuchai International has a 52-week low of $16.77 and a 52-week high of $56.55. The stock has a 50-day simple moving average of $42.79 and a 200-day simple moving average of $41.78.

Institutional Investors Weigh In On China Yuchai International

Large investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in China Yuchai International during the third quarter worth approximately $28,000. Quantbot Technologies LP bought a new position in China Yuchai International in the 2nd quarter worth $48,000. Public Employees Retirement Association of Colorado bought a new position in China Yuchai International in the 4th quarter worth $50,000. Advisory Services Network LLC bought a new position in China Yuchai International in the 3rd quarter worth $66,000. Finally, Deutsche Bank AG bought a new position in China Yuchai International in the 4th quarter worth $67,000.

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.