Hyster-Yale Materials Handling I (NYSE: HY) stock closed at $72.92 on 5/8/24 after a major increase of 23.6%. Moreover, trading volume in this advance was exceptionally high at 377% of normal. The stock has risen 24.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
HY is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Hyster-Yale Materials Handling I has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hyster-Yale Materials Handling I has a neutral Appreciation Score of 45 but a very high Power Rating of 93, resulting in the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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