China Southern Airlines Co Ltd (NYSE:ZNH) Receives Consensu…

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

Analyst Recommendations for China Southern Airlines (NYSE:ZNH)

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]

6 Gambling Stocks Ready For a Rebound

If you didn’t believe that gambling stocks are a worthwhile investment, consider this. The Business Research Company projects the global gambling market to reach $565.4 billion through 2022. That assumes that the industry will continue growing at is annual rate of 5.9%.

The gambling industry is composed of many segments. There are casinos, lotteries, and the now legalized segment of sports betting. But gambling is also broken down into offline gambling, online gambling and even virtual reality gambling. In fact, virtual reality gambling is projected to grow at an annual rate of 21.5% until 2022.

But virtual reality is only one of a number of emerging technologies that are changing the “traditional” face of the gambling industry. There are now hybrid games – the combination of online and land-based games and even augmented reality games.
And don’t forget about fantasy sports. Fantasy sports has created an entire industry and it wasn’t created for one person to have bragging rights over their buddies. Fantasy sports is a multi-million industry.

But like many other segments of the economy, gambling stocks were hit hard by the Covid-19 pandemic. Not only were casinos closed, but live sports were also put on hold. This dried up many of the traditional avenues of gambling, and gambling stocks sank lower as a result.

However, the global economy is starting to re-open. And while it was thought that casinos would be one of the last to come back, there are casinos that are starting to re-open. And, it’s becoming more and more likely that there will be live sports (likely without fans initially) sooner rather than later. And that will open up the fantasy sports market.

These stocks tend to move quickly. So now is the time to take action. That’s why we’ve created this special presentation that highlights 6 gambling stocks that are ready for a rebound. The sell-off was real, but so will the comeback. And when it does, these stocks may cost much more than they do now.

View the “6 Gambling Stocks Ready For a Rebound”.

Moving & Transportation Services CEO Jonathan Cartu

Source link

No Comments

Post A Comment