Hyster-Yale Materials Handling I (NYSE: HY) stock closed at $58.52 on 8/7/24 after a major decline of -16.4%. Moreover, trading volume in this decline was exceptionally high at 327% of normal. The stock has declined -28.1% during the last week but 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Hyster-Yale Materials Handling I has a poor Appreciation Score of 27 but a good Power Rating of 85, producing the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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