Somewhat Positive News Coverage Somewhat Unlikely to Impact Hyster-Yale Materials Handling (HY) Share Price

Press coverage about Hyster-Yale Materials Handling (NYSE:HY) has been trending somewhat positive on Thursday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hyster-Yale Materials Handling earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.8402318279593 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media headlines that may have impacted Accern’s rankings:

Several equities research analysts have weighed in on the stock. Sidoti reiterated a “neutral” rating on shares of Hyster-Yale Materials Handling in a report on Friday, October 13th. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Seaport Global Securities lowered shares of Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 target price on the stock. in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $74.00.

Shares of Hyster-Yale Materials Handling (NYSE:HY) opened at $85.62 on Thursday. Hyster-Yale Materials Handling has a twelve month low of $53.50 and a twelve month high of $93.90. The company has a quick ratio of 1.02, a current ratio of 1.64 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1,403.22, a price-to-earnings ratio of 24.15 and a beta of 1.08.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.3025 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 1.41%. Hyster-Yale Materials Handling’s payout ratio is 31.59%.

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Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

Insider Buying and Selling by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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