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Hyster-Yale Materials Handling ( (HY) ) just unveiled an update.
Hyster-Yale Materials Handling announced that its Board of Directors declared a quarterly cash dividend of $0.3225 per share, payable on both its Class A and Class B common stock. This decision reflects the company’s ongoing commitment to returning value to its shareholders and may positively impact investor sentiment.
The most recent analyst rating on (HY) stock is a Hold with a $75.00 price target. To see the full list of analyst forecasts on Hyster-Yale Materials Handling stock, see the HY Stock Forecast page.
Spark’s Take on HY Stock
According to Spark, TipRanks’ AI Analyst, HY is a Outperform.
Hyster-Yale’s financial performance is bolstered by strong cash flow management and an attractive valuation, but it faces short-term challenges with declining revenues and weak technical indicators. Strategic initiatives and realignments from the earnings call provide a cautiously optimistic outlook, yet global trade uncertainties remain a concern.
To see Spark’s full report on HY stock, click here.
More about Hyster-Yale Materials Handling
Average Trading Volume: 73,682
Technical Sentiment Signal: Sell
Current Market Cap: $693.3M
For a thorough assessment of HY stock, go to TipRanks’ Stock Analysis page.