Hyster-Yale Materials Handling (HY) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hyster-Yale Materials Handling in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HY shares.
View HY analyst ratings or view top-rated stocks.

2 brokerages have issued 1-year price objectives for Hyster-Yale Materials Handling's shares. Their HY share price forecasts range from $36.00 to $75.00. On average, they expect the company's share price to reach $55.50 in the next year. This suggests a possible upside of 24.5% from the stock's current price.
View analysts price targets for HY or view top-rated stocks among Wall Street analysts.

Hyster-Yale Materials Handling's stock was trading at $25.31 at the beginning of 2023. Since then, HY shares have increased by 76.1% and is now trading at $44.58.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our HY earnings forecast.

Hyster-Yale Materials Handling, Inc. (NYSE:HY) released its quarterly earnings data on Tuesday, August, 1st. The industrial products company reported $2.21 earnings per share (EPS) for the quarter. The industrial products company earned $1.09 billion during the quarter. Hyster-Yale Materials Handling had a net margin of 0.90% and a trailing twelve-month return on equity of 15.96%.

Hyster-Yale Materials Handling declared a quarterly dividend on Wednesday, August 16th. Shareholders of record on Friday, September 1st will be given a dividend of $0.325 per share on Friday, September 15th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for HY.

ETFs with the largest weight of Hyster-Yale Materials Handling (NYSE:HY) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), Global X Autonomous & Electric Vehicles ETF (DRIV), SPDR Kensho Clean Power ETF (CNRG) and Direxion Hydrogen ETF (HJEN).Global X Hydrogen ETF (HYDR).

Hyster-Yale Materials Handling (NYSE:HY) pays an annual dividend of $1.30 per share and currently has a dividend yield of 2.92%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 65.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for HY.

19 employees have rated Hyster-Yale Materials Handling Chief Executive Officer Rajiv K. Prasad on Glassdoor.com. Rajiv K. Prasad has an approval rating of 93% among the company's employees. This puts Rajiv K. Prasad in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hyster-Yale Materials Handling investors own include Boeing (BA), Cisco Systems (CSCO), Pfizer (PFE), Verizon Communications (VZ), Dominion Energy (D), NVIDIA (NVDA), Walt Disney (DIS), Home Depot (HD), Procter & Gamble (PG) and Walgreens Boots Alliance (WBA).

Hyster-Yale Materials Handling trades on the New York Stock Exchange (NYSE) under the ticker symbol "HY."

Shares of HY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HY stock can currently be purchased for approximately $44.58.

Hyster-Yale Materials Handling (NYSE:HY) has a market capitalization of $765.88 million and generates $3.55 billion in revenue each year. The industrial products company earns $-74,100,000.00 in net income (profit) each year or $2.00 on an earnings per share basis.

The company employs 8,200 workers across the globe.

Hyster-Yale Materials Handling's mailing address is 5875 LANDERBROOK DRIVE SUITE 300, CLEVELAND OH, 44124. The official website for the company is www.hyster-yale.com. The industrial products company can be reached via phone at (440) 449-9600, via email at ir@hyster-yale.com, or via fax at 440-449-9577.