Hyster-Yale Materials Handling I (NYSE: HY) stock closed at $58.33 on 2/28/24 after a major decline of -16.8%. Moreover, this decline was accompanied by exceptionally high trading volume at 337% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -14.5% during the last week.
Current PriceTarget Research Rating
HY’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a major Value Builder.
Hyster-Yale Materials Handling I has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Hyster-Yale Materials Handling I has a neutral Appreciation Score of 56 but a very high Power Rating of 95, leading to the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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