The price-to-earnings ratio for Hyster-Yale Materials Handling Inc (NYSE: HY) is above average at 8.45x, Company’s 36-month beta value is 1.37.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for HY is 8.92M, and currently, short sellers hold a 6.10% ratio of that floaft. The average trading volume of HY on May 09, 2024 was 101.17K shares.
HY) stock’s latest price update
Hyster-Yale Materials Handling Inc (NYSE: HY)’s stock price has gone rise by 23.55 in comparison to its previous close of 59.02, however, the company has experienced a 26.22% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that Hyster-Yale Materials (HY) came out with quarterly earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.14 per share. This compares to earnings of $1.55 per share a year ago.
HY’s Market Performance
HY’s stock has risen by 26.22% in the past week, with a monthly rise of 11.75% and a quarterly rise of 9.03%. The volatility ratio for the week is 5.07% while the volatility levels for the last 30 days are 3.49% for Hyster-Yale Materials Handling Inc The simple moving average for the past 20 days is 21.34% for HY’s stock, with a 35.03% simple moving average for the past 200 days.
Analysts’ Opinion of HY
Many brokerage firms have already submitted their reports for HY stocks, with ROTH MKM repeating the rating for HY by listing it as a “Buy.” The predicted price for HY in the upcoming period, according to ROTH MKM is $85 based on the research report published on December 05, 2023 of the previous year 2023.
Northland Capital, on the other hand, stated in their research note that they expect to see HY reach a price target of $80. The rating they have provided for HY stocks is “Outperform” according to the report published on November 15th, 2023.
Sidoti gave a rating of “Buy” to HY, setting the target price at $36 in the report published on October 12th of the previous year.
HY Trading at 20.61% from the 50-Day Moving Average
After a stumble in the market that brought HY to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.72% of gains for the given period.
Volatility was left at 3.49%, however, over the last 30 days, the volatility rate increased by 5.07%, as shares surge +14.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.04% upper at present.
During the last 5 trading sessions, HY rose by +26.22%, which changed the moving average for the period of 200-days by +53.16% in comparison to the 20-day moving average, which settled at $60.56. In addition, Hyster-Yale Materials Handling Inc saw 17.25% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HY starting from TAPLIN FRANK F, who sale 11,720 shares at the price of $58.10 back on Mar 04 ’24. After this action, TAPLIN FRANK F now owns 367,152 shares of Hyster-Yale Materials Handling Inc, valued at $680,932 using the latest closing price.
TAPLIN FRANK F, the Member of a Group of Hyster-Yale Materials Handling Inc, sale 5,000 shares at $58.65 during a trade that took place back on Mar 01 ’24, which means that TAPLIN FRANK F is holding 378,872 shares at $293,250 based on the most recent closing price.
Stock Fundamentals for HY
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.2 for the gross margin
The net margin for Hyster-Yale Materials Handling Inc stands at 0.04. The total capital return value is set at 0.29. Equity return is now at value 45.18, with 7.15 for asset returns.
Based on Hyster-Yale Materials Handling Inc (HY), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is 5.49.
Currently, EBITDA for the company is 297.3 million with net debt to EBITDA at 1.21. When we switch over and look at the enterprise to sales, we see a ratio of 0.39. The receivables turnover for the company is 8.02for trailing twelve months and the total asset turnover is 1.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
In a nutshell, Hyster-Yale Materials Handling Inc (HY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
