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Should Value Investors Buy HysterYale Materials Handling (HY) Stock?
Hyster-YaleHyster-Yale(US:HY) zacks.comยท2024-05-29 14:46

Core Insights - HysterYale Materials Handling (HY) is currently rated as a Strong Buy with a Zacks Rank of 1 and a Value grade of A, indicating strong potential for undervaluation and profit opportunities [4][7] Valuation Metrics - HY has a Price-to-Earnings (P/E) ratio of 9.80, significantly lower than the industry average of 11.12, suggesting it may be undervalued [4] - The Price-to-Sales (P/S) ratio for HY stands at 0.32, compared to the industry average of 0.79, reinforcing the notion of undervaluation [5] - HY's Price-to-Cash Flow (P/CF) ratio is 6.71, which is favorable when compared to the industry's average of 11.23, indicating strong cash flow performance [6] Earnings Outlook - The metrics indicate that HY is likely undervalued, and when considering its earnings outlook, it appears to be an impressive value stock at the moment [7]