Analysts Offer Insights on Industrial Goods Companies: Hyster-Yale Materials Handling (HY), RB Global (RBA) and Transcat (TRNS)
There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Hyster-Yale Materials Handling (HY), RB Global (RBA) and Transcat (TRNS) with bullish sentiments.
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Hyster-Yale Materials Handling (HY)
In a report released today, Ted Jackson from Northland Securities maintained a Buy rating on Hyster-Yale Materials Handling, with a price target of $50.00. The company’s shares closed last Tuesday at $35.13.
According to TipRanks.com, Jackson is a 5-star analyst with an average return of
Hyster-Yale Materials Handling has an analyst consensus of Moderate Buy, with a price target consensus of $46.00.
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RB Global (RBA)
Bank of America Securities analyst Michael Feniger reiterated a Buy rating on RB Global today and set a price target of $123.00. The company’s shares closed last Tuesday at $111.06.
According to TipRanks.com, Feniger is a 5-star analyst with an average return of
RB Global has an analyst consensus of Strong Buy, with a price target consensus of $133.20, representing a 19.3% upside. In a report issued on July 22, Barclays also maintained a Buy rating on the stock with a $121.00 price target.
Transcat (TRNS)
Lake Street analyst Max Michaelis reiterated a Buy rating on Transcat today and set a price target of $105.00. The company’s shares closed last Tuesday at $91.89.
According to TipRanks.com, Michaelis is a 5-star analyst with an average return of
Transcat has an analyst consensus of Moderate Buy, with a price target consensus of $101.33, which is an 11.4% upside from current levels. In a report issued on July 23, TipRanks – Google also upgraded the stock to Buy with a $97.00 price target.
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