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Shares of Joy Global (NYSE:JOY) were the recipient of some unusual options trading on Wednesday. Investors acquired 3,633 put options on the stock, AnalystRatings.Net reports. This is an increase of 183% compared to the typical volume of 1,286 put options.

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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $58.50.

Shares of Joy Global (NYSE:JOY) traded down 0.28% during mid-day trading on Wednesday, hitting $57.85. The stock had a trading volume of 1,330,814 shares. Joy Global has a one year low of $47.83 and a one year high of $62.49. The stock’s 50-day moving average is $59.29 and its 200-day moving average is $56.78. The company has a market cap of $5.793 billion and a P/E ratio of 13.94.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Monday, June 2nd. This is an increase from Joy Global’s previous quarterly dividend of $0.18.

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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