Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for China Yuchai International Ltd (NYSE: CYD) improved of late. CYD’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
China Yuchai International Ltd (NYSE: CYD) stock closed at $9.60 on 8/1/24 after a large increase of 3.1%. Moreover, above average trading volume at 129% of normal accompanied the advance. The stock has declined -3.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CYD is expected to continue to be Value Creation neutral.
China Yuchai has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. China Yuchai has a very high Appreciation Score of 93 but a neutral Power Rating of 43, producing the Positive Value Trend Rating.
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