Notable negative changes in fundamentals have recently occurred for Hyster-Yale Materials Handling I (NYSE: HY): the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Significant negative changes in investment behavior have recently occurred for Hyster-Yale Materials Handling I (NYSE: HY): its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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 D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Hyster-Yale Materials Handling I has a slightly negative Power Rating of 35 and a slightly negative Appreciation Score of 34, triggering the Negative Value Trend Rating.
Recent Price Action
On 11/8/24, Hyster-Yale Materials Handling I (NYSE: HY) stock declined by -4.0%, closing at $53.38. Moreover, this decline was accompanied by above average trading volume at 127% of normal. The stock has performed in line with the market over the last nine months and has declined -15.9% during the last week.
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