Hyster-Yale Materials Handling, with ticker code (HY) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 75 and 39 with a mean TP of 57. Now with the previous closing price of 32.52 this would imply there is a potential upside of 75.3%. The 50 day moving average now sits at 36.13 and the 200 moving average now moves to 46.94. The company has a market cap of $550m. Visit the company website at: https://www.hyster-yale.com
The potential market cap would be $964m based on the market concensus.
Hyster-Yale Materials Handling, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. It also sells aftermarket parts under the Hyster and Yale, as well as UNISOURCE and PREMIER brands to Hyster and Yale dealers for the service of competitor lift trucks. In addition, the company produces and distributes attachments, forks, and lift tables under the Bolzoni, Auramo, and Meyer brand names; and designs and produces products in the port equipment and rough terrain forklift markets. Further, it designs, manufactures, and sells hydrogen fuel-cell stacks and engines. The company serves light and heavy manufacturers, trucking and automotive companies, rental companies, building materials and paper suppliers, lumber, metal products, warehouses, retailers, food distributors, container handling companies, and U.S. and non-U.S. governmental agencies. Hyster-Yale Materials Handling was incorporated in 1991 and is headquartered in Cleveland, Ohio.
