Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Hyster-Yale Materials Handling Inc before investing.

In this article, we go over a few key elements for understanding Hyster-Yale Materials Handling Inc’s stock price such as:

• Hyster-Yale Materials Handling Inc’s current stock price and volume
• Why Hyster-Yale Materials Handling Inc’s stock price changed recently
• Upgrades and downgrades for HY from analysts
• HY’s stock price momentum as measured by its relative strength

About Hyster-Yale Materials Handling Inc (HY)

Before we jump into Hyster-Yale Materials Handling Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Hyster-Yale Materials Handling, Inc. is a globally integrated company offering a full line of application-tailored lift trucks and solutions. Its solutions include attachments and hydrogen fuel cell power products, telematics, automation, and fleet management services, as well as a variety of other power options for its lift truck. Its segments include the Americas; Europe, the Middle East and Africa (EMEA), and Japan, Asia, Pacific, India, and China (JAPIC). Through, Hyster-Yale Group, Inc., it designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments and aftermarket parts marketed globally, primarily under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships. It also designs and produces specialized products in the port equipment and rough terrain forklift markets. It distributes lift trucks and attachments primarily through two channels: independent dealers and a direct sales program.

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Hyster-Yale Materials Handling Inc’s Stock Price as of Market Close

As of March 19, 2024, 4:00 PM, CST, Hyster-Yale Materials Handling Inc’s stock price was $63.29.

Hyster-Yale Materials Handling Inc is up 6.82% from its previous closing price of $59.25.

During the last market session, Hyster-Yale Materials Handling Inc’s stock traded between $57.81 and $60.03. Currently, there are 17.18 million shares of Hyster-Yale Materials Handling Inc stock available for purchase.

Hyster-Yale Materials Handling Inc’s price-earnings (P/E) ratio is currently at 8.2, which is low compared to the Heavy Machinery & Vehicles industry median of 14.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Hyster-Yale Materials Handling Inc Stock Price History

Hyster-Yale Materials Handling Inc’s (HY) price is currently up 7.49% so far this month.

During the month of March, Hyster-Yale Materials Handling Inc’s stock price has reached a high of $63.71 and a low of $55.85.

Over the last year, Hyster-Yale Materials Handling Inc has hit prices as high as $72.40 and as low as $38.50. Year to date, Hyster-Yale Materials Handling Inc’s stock is up 150.06%.

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What Caused Hyster-Yale Materials Handling Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 18, 2024, there were 0 analysts who downgraded Hyster-Yale Materials Handling Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Hyster-Yale Materials Handling Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Hyster-Yale Materials Handling Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Hyster-Yale Materials Handling Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Hyster-Yale Materials Handling Inc (HY) by visiting AAII Stock Evaluator.

Relative Price Strength of Hyster-Yale Materials Handling Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 18, 2024, Hyster-Yale Materials Handling Inc has a weighted four-quarter relative price strength of 0.88%, which translates to a Momentum Score of 73 and is considered to be Strong.

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Hyster-Yale Materials Handling Inc Stock Price: Bottom Line

As of March 19, 2024, Hyster-Yale Materials Handling Inc’s stock price is $63.29, which is up 6.82% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Hyster-Yale Materials Handling Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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