China Southern Airlines (NYSE:ZNH) Stock Rating Upgraded by ValuEngine

China Southern Airlines (NYSE:ZNH) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, ValuEngine reports.

A number of other brokerages have also recently issued reports on ZNH. JPMorgan Chase & Co. raised shares of China Southern Airlines from a “neutral” rating to an “overweight” rating in a report on Monday, September 23rd. Zacks Investment Research reaffirmed a “sell” rating on shares of China Southern Airlines in a report on Saturday, October 5th. Morgan Stanley raised shares of China Southern Airlines from an “equal” rating to a “weight” rating in a report on Monday, July 22nd. Finally, Goldman Sachs Group raised shares of China Southern Airlines from a “neutral” rating to a “buy” rating in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.00.

Shares of NYSE:ZNH opened at $31.97 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 1.60. The company has a market cap of $7.80 billion, a P/E ratio of 15.99 and a beta of 1.82. China Southern Airlines has a 52 week low of $27.62 and a 52 week high of $52.34. The company has a 50-day moving average price of $31.18 and a 200 day moving average price of $32.51.

China Southern Airlines (NYSE:ZNH) last issued its earnings results on Wednesday, August 28th. The transportation company reported ($0.59) earnings per share (EPS) for the quarter. China Southern Airlines had a net margin of 2.19% and a return on equity of 4.55%. The company had revenue of $5.18 billion during the quarter. Analysts expect that China Southern Airlines will post 3.67 EPS for the current year.

Institutional investors have recently modified their holdings of the business. US Bancorp DE increased its stake in shares of China Southern Airlines by 349.4% during the 2nd quarter. US Bancorp DE now owns 737 shares of the transportation company’s stock worth $26,000 after purchasing an additional 573 shares in the last quarter. Investors Research Corp increased its stake in shares of China Southern Airlines by 27.3% during the 2nd quarter. Investors Research Corp now owns 1,400 shares of the transportation company’s stock worth $48,000 after purchasing an additional 300 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of China Southern Airlines by 330.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,100 shares of the transportation company’s stock worth $71,000 after purchasing an additional 1,612 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of China Southern Airlines by 73.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,919 shares of the transportation company’s stock worth $117,000 after purchasing an additional 1,662 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of China Southern Airlines by 13.3% during the 2nd quarter. Royal Bank of Canada now owns 5,624 shares of the transportation company’s stock worth $193,000 after purchasing an additional 658 shares in the last quarter. 0.32% of the stock is owned by institutional investors.

About China Southern Airlines

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.

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Analyst Recommendations for China Southern Airlines (NYSE:ZNH)

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