Analysts Set China Southern Airlines Co Ltd (NYSE:ZNH) Target Price at $34.00

Shares of China Southern Airlines Co Ltd (NYSE:ZNH) have received an average recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $34.00.

A number of brokerages have weighed in on ZNH. UBS Group raised shares of China Southern Airlines from a “sell” rating to a “neutral” rating in a research note on Monday, July 15th. JPMorgan Chase & Co. lowered shares of China Southern Airlines from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 7th. Morgan Stanley raised shares of China Southern Airlines from an “equal” rating to a “weight” rating in a research note on Monday, July 22nd. ValuEngine lowered shares of China Southern Airlines from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Credit Suisse Group downgraded shares of China Southern Airlines from a “neutral” rating to an “underperform” rating in a report on Monday, June 10th.

Shares of ZNH opened at $32.36 on Tuesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.18 and a current ratio of 0.20. China Southern Airlines has a twelve month low of $25.45 and a twelve month high of $52.34. The firm’s 50 day moving average price is $30.08 and its two-hundred day moving average price is $36.30. The firm has a market cap of $7.51 billion, a P/E ratio of 16.18 and a beta of 1.82.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in China Southern Airlines by 13.3% during the second quarter. Royal Bank of Canada now owns 5,624 shares of the transportation company’s stock worth $193,000 after buying an additional 658 shares during the last quarter. US Bancorp DE boosted its position in shares of China Southern Airlines by 349.4% in the second quarter. US Bancorp DE now owns 737 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 573 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of China Southern Airlines by 7.6% in the second quarter. Parametric Portfolio Associates LLC now owns 100,525 shares of the transportation company’s stock valued at $3,449,000 after acquiring an additional 7,120 shares during the period. Renaissance Technologies LLC boosted its position in shares of China Southern Airlines by 1.2% in the second quarter. Renaissance Technologies LLC now owns 417,000 shares of the transportation company’s stock valued at $14,307,000 after acquiring an additional 4,900 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of China Southern Airlines by 330.3% in the second quarter. JPMorgan Chase & Co. now owns 2,100 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 1,612 shares during the period. Institutional investors own 0.33% of the company’s stock.

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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Analyst Recommendations for China Southern Airlines (NYSE:ZNH)

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