Stock Rating Upgrade
The Value Trend Rating for Hyster-Yale Materials Handling I (NYSE: HY) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Hyster-Yale Materials Handling I (NYSE: HY) stock closed at $68.77 on 10/11/24 after a large increase of 4.1%. However, below average trading volume at 70% of normal accompanied the advance. The stock has risen 10.3% during the last week and has performed in line with 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 (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Hyster-Yale Materials Handling I has a slightly negative Appreciation Score of 35 and a neutral Power Rating of 56, triggering the Low Neutral Value Trend Rating.
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