Hyster-Yale Materials Handling Price Target Cut to $91.00 by Analysts at Robert W. Baird (HY)
Robert W. Baird dropped their target price on shares of Hyster-Yale Materials Handling (NYSE:HY) from $96.00 to $91.00 in a research note issued on Friday. Robert W. Baird’s price objective would indicate a potential upside of 19.55% from the company’s current price.
Separately, analysts at Global Hunter Securities initiated coverage on shares of Hyster-Yale Materials Handling in a research note on Thursday, June 19th. They set a “buy” rating and a $104.00 price target on the stock.
Hyster-Yale Materials Handling (NYSE:HY) traded down 4.97% during mid-day trading on Friday, hitting $76.12. The stock had a trading volume of 124,645 shares. Hyster-Yale Materials Handling has a one year low of $68.97 and a one year high of $108.13. The stock has a 50-day moving average of $86.80 and a 200-day moving average of $91.3. The company has a market cap of $1.276 billion and a P/E ratio of 12.96.
Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.54 by $0.41. The company had revenue of $684.70 million for the quarter, compared to the consensus estimate of $691.85 million. During the same quarter last year, the company posted $2.16 earnings per share. Hyster-Yale Materials Handling’s revenue was up 3.8% compared to the same quarter last year. Analysts expect that Hyster-Yale Materials Handling will post $6.19 EPS for the current fiscal year.
Hyster-Yale Materials Handling, Inc (NYSE:HY), formerly NMHG Holding Co, , designs, engineers, manufactures, sells and services a line of lift trucks and aftermarket parts.
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