China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) from a hold rating to a buy rating in a research note issued to investors on Tuesday, Zacks.com reports. Zacks Investment Research currently has $33.00 target price on the transportation company’s stock.

According to Zacks, “China Eastern is involved in the Transportation Industry, and is the primary air carrier serving Shanghai, China’s eastern gateway. “

CEA has been the subject of a number of other reports. ValuEngine lowered Yara International ASA from a hold rating to a sell rating in a report on Wednesday, March 27th. Credit Suisse Group lowered Air China from a neutral rating to an underperform rating in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. China Eastern Airlines Corp. Ltd. ADR Class H has a consensus rating of Buy and a consensus target price of $33.00.

NYSE:CEA opened at $29.20 on Tuesday. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 0.37 and a beta of 1.61. The company has a fifty day moving average of $28.56. China Eastern Airlines Corp. Ltd. ADR Class H has a 12-month low of $25.68 and a 12-month high of $42.50. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.21 and a current ratio of 0.23.

China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) last released its earnings results on Tuesday, April 30th. The transportation company reported $0.99 earnings per share (EPS) for the quarter. The firm had revenue of $4.45 billion during the quarter. China Eastern Airlines Corp. Ltd. ADR Class H had a return on equity of 4.32% and a net margin of 2.31%. Equities analysts anticipate that China Eastern Airlines Corp. Ltd. ADR Class H will post 3.32 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its holdings in China Eastern Airlines Corp. Ltd. ADR Class H by 76.4% during the 4th quarter. Jane Street Group LLC now owns 26,109 shares of the transportation company’s stock worth $715,000 after buying an additional 11,309 shares during the last quarter. Comerica Bank acquired a new stake in shares of China Eastern Airlines Corp. Ltd. ADR Class H during the first quarter worth about $274,000. Finally, Private Capital Group LLC increased its position in shares of China Eastern Airlines Corp. Ltd. ADR Class H by 52.0% during the first quarter. Private Capital Group LLC now owns 2,267 shares of the transportation company’s stock worth $78,000 after purchasing an additional 776 shares in the last quarter. 0.08% of the stock is owned by institutional investors.

About China Eastern Airlines Corp. Ltd. ADR Class H

China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People's Republic of China and internationally. The company offers passenger, cargo, mail delivery, ground, cargo handling, tour operations, air catering, and other extended transportation services.

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