China Southern Airlines (NYSE:ZNH) Upgraded to “Strong-Buy” by Zacks Investment Research

China Southern Airlines (NYSE:ZNH) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Saturday, Zacks.com reports. The brokerage currently has a $24.00 price target on the transportation company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 15.05% from the company’s current price.

According to Zacks, “China Southern Airlines is one of the leading air transportation enterprises in China, especially in passenger volume and the total amount of tax and profit for the past three years. 27% market share in 1996 made it the biggest airlines in China. With the head office in Guangzhou, the southern entrance into China, it has branch fleet bases in the provinces of Henan, Hubei, Hunan, Hainan and the Special Economic Zone of Shenzhen. It is also the 60% shareholder of four regional airlines – Xiamen Airlines, Shantou Airlines, Guangxi Airlines and Zhuhai Airlines. “

ZNH has been the topic of several other research reports. ValuEngine upgraded China Southern Airlines from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Jefferies Financial Group lowered China Southern Airlines from a “buy” rating to a “hold” rating in a report on Wednesday, March 18th. UBS Group upgraded China Southern Airlines from a “neutral” rating to a “buy” rating in a report on Monday, April 27th. Finally, Credit Suisse Group upgraded China Southern Airlines from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $24.00.

Shares of China Southern Airlines stock traded down $0.79 on Friday, hitting $20.86. 81,431 shares of the company’s stock traded hands, compared to its average volume of 43,736. China Southern Airlines has a one year low of $18.45 and a one year high of $36.43. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.17 and a quick ratio of 0.15. The company has a fifty day moving average of $22.39 and a two-hundred day moving average of $28.12. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of -7.17 and a beta of 1.80.

China Southern Airlines (NYSE:ZNH) last announced its quarterly earnings results on Wednesday, April 1st. The transportation company reported ($0.81) earnings per share (EPS) for the quarter. The firm had revenue of $5.35 billion during the quarter. China Southern Airlines had a negative return on equity of 6.95% and a negative net margin of 3.84%. Equities research analysts anticipate that China Southern Airlines will post -4.17 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Signaturefd LLC grew its position in shares of China Southern Airlines by 177.2% in the first quarter. Signaturefd LLC now owns 1,250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 799 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of China Southern Airlines by 6,440.0% in the first quarter. Lindbrook Capital LLC now owns 1,308 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 1,288 shares in the last quarter. Parallel Advisors LLC grew its position in shares of China Southern Airlines by 2,990.9% in the first quarter. Parallel Advisors LLC now owns 1,360 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 1,316 shares in the last quarter. Citigroup Inc. grew its position in shares of China Southern Airlines by 38.4% in the fourth quarter. Citigroup Inc. now owns 3,537 shares of the transportation company’s stock valued at $119,000 after purchasing an additional 981 shares in the last quarter. Finally, Confluence Investment Management LLC purchased a new position in shares of China Southern Airlines in the first quarter valued at $229,000. 0.30% of the stock is owned by institutional investors and hedge funds.

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.

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