Sidoti upgraded Hyster-Yale (NYSE:HY) from Neutral to Buy in a report released today.
- Updated: September 23, 2016
Sidoti has upgraded Hyster-Yale (NYSE:HY) from Neutral to Buy in a report released on 9/23/2016.
Yesterday Hyster-Yale (NYSE:HY) traded 8.99% higher at $51.47. The company’s 50-day moving average is $52.54 and its 200-day moving average is $60.45. The last closing price is down -7.20% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 83,269 shares of the stock traded hands, up from an average trading volume of 48,262
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Hyster-Yale has a 52 week low of $44.41 and a 52 week high of $70.19 with a P/E ratio of 16.27 The company’s market cap is currently $0.
In addition to Sidoti reporting its stock price target, a total of 4 brokers have issued a report 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.
General Information About Hyster-Yale (NYSE:HY)
Hyster-Yale Materials Handling, Inc., and its subsidiaries, design, engineer, manufacture, sell and service lift trucks and aftermarket parts. The Company markets its lift trucks and aftermarket parts under the Hyster and Yale brand names. The Company also operates through Nuvera Fuel Cells, Inc. (Nuvera), which is an alternative-power technology company focused on fuel-cell stacks and related systems. The Company operates through four segments: the Americas, EMEA, JAPIC and Nuvera. The Company's lift truck business comprises its three management units: the Americas, EMEA and JAPIC. The 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. The Company manufactures components, such as frames, masts and transmissions, and assembles lift trucks.
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