China Eastern Airlines Corp. Ltd. (NYSE:CEA) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.
CEA has been the topic of several recent research reports. Daiwa Capital Markets raised China Eastern Airlines from a “hold” rating to a “buy” rating in a research report on Friday, August 31st. Jefferies Financial Group raised China Eastern Airlines from an “underperform” rating to a “buy” rating in a research report on Wednesday, September 19th. JPMorgan Chase & Co. raised China Eastern Airlines from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 18th. Goldman Sachs Group raised China Eastern Airlines from a “sell” rating to a “neutral” rating in a research report on Thursday, July 5th. Finally, Zacks Investment Research upgraded China Eastern Airlines from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 4th.
Hedge funds have recently bought and sold shares of the business. UBS Group AG increased its holdings in China Eastern Airlines by 230.1% during the 1st quarter. UBS Group AG now owns 4,965 shares of the transportation company’s stock worth $183,000 after purchasing an additional 3,461 shares during the last quarter. Bank of Montreal Can purchased a new stake in China Eastern Airlines during the 3rd quarter worth approximately $312,000. Northern Trust Corp increased its holdings in China Eastern Airlines by 11.5% during the 2nd quarter. Northern Trust Corp now owns 35,969 shares of the transportation company’s stock worth $1,228,000 after purchasing an additional 3,724 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in China Eastern Airlines by 135.8% during the 1st quarter. Jane Street Group LLC now owns 36,191 shares of the transportation company’s stock worth $1,332,000 after purchasing an additional 20,841 shares during the last quarter. Institutional investors own 0.42% of the company’s stock.
China Eastern Airlines stock opened at $27.60 on Wednesday. The company has a market cap of $9.24 billion, a P/E ratio of 8.47, a P/E/G ratio of -13.30 and a beta of 1.61. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 1.50. China Eastern Airlines has a one year low of $24.64 and a one year high of $45.33.
China Eastern Airlines 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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