Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Hyster-Yale Materials Handling I (NYSE: HY) rose significantly during the last several trading days. HY’s current Value Trend Rating is C and the prior Rating was F. Details supporting this higher rating are included in our next report.
Recent Price Action
On 12/1/23, Hyster-Yale Materials Handling I (NYSE: HY) stock enjoyed a large increase of 2.6%, closing at $48.90. This advance was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 4.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HY is expected to be a major Value Builder.
Hyster-Yale Materials Handling I has a current Value Trend Rating of C (Neutral). This VT Rating rose significantly in recent days from F previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Hyster-Yale Materials Handling I has a neutral Power Rating of 55 and a neutral Appreciation Score of 56, with the Neutral Value Trend Rating the result.
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