19 Sep China Southern Airlines Co Ltd (NYSE:ZNH) Receives Consensu…
China Southern Airlines Co Ltd (NYSE:ZNH) has received a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $24.00.
ZNH has been the subject of several research reports. Morgan Stanley lowered shares of China Southern Airlines from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 18th. Zacks Investment Research raised shares of China Southern Airlines from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a research report on Saturday, May 23rd.
NYSE ZNH opened at $30.58 on Friday. China Southern Airlines has a 52 week low of $18.45 and a 52 week high of $35.60. The firm has a market capitalization of $7.50 billion, a P/E ratio of -10.51 and a beta of 1.64. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 1.90. The company has a 50-day moving average price of $26.11 and a 200-day moving average price of $23.79.
A number of institutional investors have recently added to or reduced their stakes in ZNH. Goldman Sachs Group Inc. purchased a new stake in China Southern Airlines in the 2nd quarter worth approximately $714,000. Aperio Group LLC increased its holdings in China Southern Airlines by 65.4% in the 1st quarter. Aperio Group LLC now owns 42,333 shares of the transportation company’s stock worth $919,000 after acquiring an additional 16,742 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in China Southern Airlines in the 1st quarter worth approximately $229,000. Jane Street Group LLC increased its holdings in China Southern Airlines by 35.0% in the 2nd quarter. Jane Street Group LLC now owns 37,447 shares of the transportation company’s stock worth $827,000 after acquiring an additional 9,713 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in China Southern Airlines by 115.0% in the 1st quarter. Citigroup Inc. now owns 7,604 shares of the transportation company’s stock worth $165,000 after acquiring an additional 4,067 shares in the last quarter. 0.28% of the stock is owned by institutional investors.
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.
Read More: Diversification For Individual Investors
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]