How to Buy Hyster Yale Materials Handling Stock
Hyster Yale Materials Handling Inc
Hyster Yale Materials Handling is a agriculture company located in Ohio, United States, which is part of the Industrials sector, and is traded under the ticker HY on the NYSE exchange.
Hyster Yale Materials Handling stock last closed at $58.68, down 2.28% from the previous day, and has increased 17.43% in one year. It has underperformed other stocks in the Farm & Heavy Construction Machinery industry by 0 percentage points. Hyster Yale Materials Handling stock is currently +52.42% from its 52-week low of $38.50, and -18.95% from its 52-week high of $72.40.
As of Apr 26, 2024, there are 17.49M HY shares outstanding. The market cap of HY is $1.03B. In the past 24 hours, 75,666 HY shares were traded.
How to Buy Hyster Yale Materials Handling Stock
Wondering how to invest in Hyster Yale Materials Handling stock? Here's how.
- Figure out where to buy Hyster Yale Materials Handling stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out where to buy Hyster Yale Materials Handling stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your payment method and add your details.
- Analyze Hyster Yale Materials Handling stock: The Hyster Yale Materials Handling ticker symbol is HY. Is Hyster Yale Materials Handling stock a good investment? Should you buy shares of HY? How do HY's underlying business fundamentals look? Do top analysts think Hyster Yale Materials Handling is a good buy? Why has HY's stock price moved recently? (Hint: Our stock analysis website can help you figure out if HY is a good stock to buy).
- Place your HY purchase: Decide if you will purchase HY shares at the current market price or use a limit order to purchase HY shares at a given price.
- Get updates on your HY position: Create a watchlist to keep tabs on your position in Hyster Yale Materials Handling stock.
Step 1: Figure out where to buy Hyster Yale Materials Handling stock
You need an online brokerage account in order to access the NYSE market and buy HY shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal details so you are able to buy HY stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start a new brokerage account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have opened your account on the best free stock trading app, you need to deposit funds:
Watch this video walkthrough if you need help depositing money into your investment account.
Step 4: Analyze Hyster Yale Materials Handling stock
Once you have selected the best place to buy Hyster Yale Materials Handling stock, it's absolutely critical to research their stock before you buy, so you truly wrap your head around the risk as well as the opportunity.
Hyster Yale Materials Handling quick stats
Hyster Yale Materials Handling Zen Score
WallStreetZen was built to help part-time investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on HY's stock page.
Is HY stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge HY's intrinsic value.
Using relative valuations ratios:
- HY may be undervalued based on its P/E ratio of 7.98x, relative to Farm & Heavy Construction Machinery industry P/E ratio of 13.76x
- HY could be undervalued based on its P/B ratio of 2.63x, relative to Farm & Heavy Construction Machinery industry P/B ratio of 4.74x
- HY may be undervalued based on its PEG ratio of 0.38x
You can do more valuation analysis on HY's stock here.
HY Financial Health Overview
Pros:
- HY earnings of $216.10M is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the HY balance sheet.
- HY's operating cash flow of $150.70M allows it to safely service it's debt of $494.00M.
- HY profit margin has gone up from -2.1% to 3.1% in the past year.
- There are more short-term assets than short-term liabilities on the HY balance sheet.
Cons:
- Total HY debt is higher than 5 years ago, relative to shareholder equity.
- HY has a relatively high debt to equity ratio of 4.29.
Is Hyster Yale Materials Handling stock a Buy, Hold, or Sell, according to analysts?
Out of 2 Wall Street analysts who give recommendations on HY, the consensus analyst rating on HY is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Hyster Yale Materials Handling stock forecast page.
HY Technical Indicators
HY Performance Metrics
Last year, HY earnings were $125.90M. Over the last five year, HY's earnings have gone up by 28.47% per year. This was faster than the Farm & Heavy Construction Machinery industry average of 19.27%.
Last year, HY revenue was $4.12B. Over the last five year, HY's revenue has increased by 5.31% per year. This was slower than the Farm & Heavy Construction Machinery industry average of 6.51%.
You can research HY's earnings and revenue performance here.
What are HY executives and large shareholders up to?
Over the past year, insiders at HY have sold more shares than they have bought.
Frank F. Taplin, was the latest HY insider to sell. They sold $680,932.00 worth of HY shares on Mar 4, 2024.
Learn more about who owns HY stock here.
Can I rely on HY as an income stream?
Hyster Yale Materials Handling pays a dividend of 2.22%, compared to the Farm & Heavy Construction Machinery industry's average dividend yield of 2.75%. If you owned $1,000 of HY stock, you would have received $22.15 in the past 12 months.
Hyster Yale Materials Handling dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Hyster Yale Materials Handling dividend yield and history here.
HY Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Place your HY purchase
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price, use a limit order.
Hit the Open Trade button and your broker will place your order.
If you want more assistance buying stocks on eToro, click the how to video below:
Step 6: Get updates on your HY position
Now that you own some HY shares, you'll want to keep up with your new investment.
Put HY on a watchlist to keep track of your HY stock.
HY Feed
How to Buy Stock in Hyster Yale Materials Handling
To reiterate, here are the 6 steps to buy Hyster Yale Materials Handling stock:
- Figure out where to buy Hyster Yale Materials Handling stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Analyze Hyster Yale Materials Handling stock
- Place your HY purchase
- Get updates on your HY position
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Hyster Yale Materials Handling, create a watchlist on WallStreetZen today.
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