Equities Analysts Issue Forecasts for China Yuchai International Limited’s FY2024 Earnings (NYSE:CYD)

China Yuchai International Limited (NYSE:CYDFree Report) – Greenridge Global dropped their FY2024 EPS estimates for shares of China Yuchai International in a report released on Wednesday, June 19th. Greenridge Global analyst W. Gregozeski now expects that the company will post earnings of $1.07 per share for the year, down from their prior forecast of $1.09. The consensus estimate for China Yuchai International’s current full-year earnings is $1.07 per share.

Separately, StockNews.com assumed coverage on shares of China Yuchai International in a report on Thursday. They issued a “buy” rating for the company.

View Our Latest Stock Analysis on CYD

China Yuchai International Stock Performance

Shares of NYSE:CYD opened at $8.98 on Friday. China Yuchai International has a 52 week low of $7.83 and a 52 week high of $12.50. The firm’s 50 day moving average is $8.45 and its two-hundred day moving average is $8.51. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.59.

Hedge Funds Weigh In On China Yuchai International

A number of hedge funds and other institutional investors have recently modified their holdings of CYD. Verity Asset Management Inc. acquired a new position in shares of China Yuchai International in the 1st quarter valued at about $175,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of China Yuchai International by 3.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,475 shares of the company’s stock valued at $712,000 after acquiring an additional 2,605 shares during the last quarter. Finally, Shah Capital Management raised its position in shares of China Yuchai International by 0.4% in the fourth quarter. Shah Capital Management now owns 4,108,507 shares of the company’s stock valued at $34,429,000 after purchasing an additional 17,071 shares during the period.

China Yuchai International Company Profile

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China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People's Republic of China and internationally.

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