China Southern Airlines Co Ltd (ZNH) Receives Consensus Rating of “Hold” from Analysts

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Shares of China Southern Airlines Co Ltd (NYSE:ZNH) have received an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company.

Several research analysts have recently weighed in on the stock. Daiwa Capital Markets upgraded shares of China Southern Airlines from a “sell” rating to an “outperform” rating in a report on Monday, August 6th. Zacks Investment Research upgraded shares of China Southern Airlines from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Friday, May 11th. ValuEngine lowered shares of China Southern Airlines from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. JPMorgan Chase & Co. upgraded shares of China Southern Airlines from an “underweight” rating to a “neutral” rating in a report on Thursday, August 30th. Finally, Goldman Sachs Group upgraded shares of China Southern Airlines from a “sell” rating to a “neutral” rating in a report on Thursday, July 5th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. raised its holdings in China Southern Airlines by 3,103.2% in the first quarter. Citigroup Inc. now owns 2,018 shares of the transportation company’s stock valued at $106,000 after buying an additional 1,955 shares during the period. Bank of America Corp DE raised its holdings in China Southern Airlines by 160.5% in the second quarter. Bank of America Corp DE now owns 3,830 shares of the transportation company’s stock valued at $151,000 after buying an additional 2,360 shares during the period. Eagle Asset Management Inc. purchased a new position in China Southern Airlines in the first quarter valued at approximately $200,000. Barclays PLC purchased a new position in China Southern Airlines in the first quarter valued at approximately $215,000. Finally, Confluence Investment Management LLC purchased a new position in China Southern Airlines in the second quarter valued at approximately $241,000. Hedge funds and other institutional investors own 0.57% of the company’s stock.

Shares of ZNH stock traded down $0.58 during trading hours on Friday, hitting $31.69. 78,100 shares of the company were exchanged, compared to its average volume of 55,027. The firm has a market cap of $6.54 billion, a P/E ratio of 8.38 and a beta of 1.38. China Southern Airlines has a 1 year low of $29.63 and a 1 year high of $70.52. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.24 and a quick ratio of 0.21.

China Southern Airlines Company Profile

China Southern Airlines Company Limited provides airlines transportation services in the People's Republic of China and internationally. The company operates through two segments, Airline Transportation Operations and Other. It offers passenger, cargo, mail delivery, and other extended transportation services.

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