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Sidoti downgraded Hyster-Yale (NYSE:HY) from Buy to Neutral in a report released today.

Sidoti has downgraded Hyster-Yale (NYSE:HY) from Buy to Neutral in a report released on Friday October 13, 2017.

Just yesterday Hyster-Yale (NYSE:HY) traded -4.04% lower at $82.00. Hyster-Yale’s 50-day moving average is $73.51 and its 200-day moving average is $69.39. The last closing price is up 13.40% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 57,579 shares of HY traded hands, down from an average trading volume of 60,663

Recent Performance Chart

Hyster-Yale (NYSE:HY)

Hyster-Yale has 52 week low of $49.84 and a 52 week high of $82.32 with a PE ratio of 21.98 and has a market capitalization of $0.

In addition to Sidoti reporting its stock price target, a total of 4 brokers have issued a research note on the company. The average stock price target is $61.25 with 0 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Hyster-Yale (NYSE:HY)

Hyster-Yale Materials Handling, Inc. is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships. The Company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni and Nuvera. The Company offers a range of solutions, including attachments and hydrogen fuel cell power products, telematics, automation and fleet management services, as well as an array of other power options for its lift trucks. The Company's segments for the lift truck business include three management units: the Americas, EMEA and JAPIC. Americas includes operations in the United States, Canada, Mexico, Brazil, Latin America and its corporate headquarters. EMEA includes operations in Europe, the Middle East and Africa. JAPIC includes operations in the Asia and Pacific regions including China.

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