For its third fiscal quarter (ending September 30), Hyster-Yale Materials Handling I (NYSE: HY) has reported a -53% decline in E.P.S. from $2.08 a year ago to $0.98 in the current quarter. For the latest four quarters through September 30, E.P.S. were $9.04 versus $6.33 for the same period a year ago — an increase of 43%.
Recent Price Action
Hyster-Yale Materials Handling I (NYSE: HY) stock suffered a major decline of -14.7% on 11/5/24. The shares closed at $53.47. Moreover, this decline was accompanied by exceptionally high trading volume at 469% of normal. The stock has performed in line with the market over the last nine months and has declined -19.8% during the last week.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Hyster-Yale Materials Handling I has a slightly negative Appreciation Score of 39 and a neutral Power Rating of 57, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information and 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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