Joy Global Given Consensus Rating of “Hold” by Analysts (NYSE:JOY)
Shares of Joy Global (NYSE:JOY) have earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the company, AnalystRatings.NET reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $58.86.
A number of research firms have recently commented on JOY. Analysts at Zacks reiterated a “neutral” rating on shares of Joy Global in a research note on Tuesday, April 1st. They now have a $61.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Joy Global from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Joy Global in a research note on Tuesday, March 11th. They now have a $58.00 price target on the stock, up previously from $54.00.
Joy Global (NYSE:JOY) opened at 61.08 on Friday. Joy Global has a 1-year low of $47.83 and a 1-year high of $62.49. The stock has a 50-day moving average of $58.44 and a 200-day moving average of $56.03. The company has a market cap of $6.116 billion and a price-to-earnings ratio of 14.68.
Joy Global (NYSE:JOY) last released its earnings data on Thursday, March 6th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.64 by $0.15. The company had revenue of $839.00 million for the quarter, compared to the consensus estimate of $835.38 million. During the same quarter in the prior year, the company posted $1.33 earnings per share. The company’s quarterly revenue was down 27.0% on a year-over-year basis. Analysts expect that Joy Global will post $3.26 EPS for the current fiscal year.
Joy Global Inc is a manufacturer and servicer of high productivity mining equipment for the extraction of coal and other minerals and ores.
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