Hyster-Yale Materials Handling, with ticker code (HY) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The target price ranges between 75 and 36 with a mean TP of 55.5. Given that the stocks previous close was at 30.76 this would imply there is a potential upside of 80.4%. There is a 50 day moving average of 27.16 and the 200 moving average now moves to 32.78. The company has a market cap of $512m. Company Website: https://www.hyster-yale.com
The potential market cap would be $924m 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.
