Positive Media Coverage Somewhat Unlikely to Affect Hyster-Yale Materials Handling (HY) Share Price
News headlines about Hyster-Yale Materials Handling (NYSE:HY) have trended positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hyster-Yale Materials Handling earned a news sentiment score of 0.29 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.8272496344923 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
HY has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Sidoti reiterated a “neutral” rating on shares of Hyster-Yale Materials Handling in a research note on Friday, October 13th. Finally, Seaport Global Securities cut shares of Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 target price for the company. in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $74.00.
Hyster-Yale Materials Handling (NYSE:HY) opened at $89.00 on Friday. Hyster-Yale Materials Handling has a one year low of $53.50 and a one year high of $93.90. The company has a quick ratio of 1.02, a current ratio of 1.64 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1,437.79, a P/E ratio of 23.24 and a beta of 1.09.
In related news, insider Frank F. Taplin sold 1,178 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $84.40, for a total value of $99,423.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 26.34% of the company’s stock.
Hyster-Yale Materials Handling Company Profile
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.
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