China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) Upgraded to “Buy” at Goldman Sachs Group

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Goldman Sachs Group upgraded shares of China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) from a neutral rating to a buy rating in a report released on Wednesday morning, Briefing.com Automated Import reports.

A number of other equities analysts also recently commented on CEA. Credit Suisse Group downgraded shares of Air China from a neutral rating to an underperform rating in a research note on Monday, June 10th. ValuEngine downgraded shares of Yara International ASA from a hold rating to a sell rating in a research note on Wednesday, March 27th. Finally, Zacks Investment Research upgraded shares of DLH from a sell rating to a hold rating in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $33.00.

China Eastern Airlines Corp. Ltd. ADR Class H stock opened at $28.92 on Wednesday. The business’s 50-day simple moving average is $28.59. China Eastern Airlines Corp. Ltd. ADR Class H has a one year low of $25.68 and a one year 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. The firm has a market cap of $8.37 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 0.35 and a beta of 1.61.

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

Large investors have recently modified their holdings of the stock. Private Capital Group LLC lifted its stake in China Eastern Airlines Corp. Ltd. ADR Class H by 52.0% in the 1st quarter. Private Capital Group LLC now owns 2,267 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 776 shares during the last quarter. Jane Street Group LLC lifted its stake in China Eastern Airlines Corp. Ltd. ADR Class H by 76.4% in the 4th quarter. Jane Street Group LLC now owns 26,109 shares of the transportation company’s stock valued at $715,000 after purchasing an additional 11,309 shares during the last quarter. Finally, Comerica Bank acquired a new stake in China Eastern Airlines Corp. Ltd. ADR Class H in the 1st quarter valued at about $274,000. Institutional investors and hedge funds own 0.08% of the company’s stock.

China Eastern Airlines Corp. Ltd. ADR Class H Company Profile

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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Analyst Recommendations for China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA)

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