Joy Global PT Raised to $62.00 (JOY)
Investment analysts at Robert W. Baird upped their price objective on shares of Joy Global (NYSE:JOY) from $57.00 to $62.00 in a note issued to investors on Friday. Robert W. Baird’s price target would indicate a potential upside of 0.49% from the stock’s previous close.
JOY has been the subject of a number of other recent research reports. Analysts at William Blair raised their price target on shares of Joy Global from $60.00 to $65.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, 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. Finally, analysts at TheStreet upgraded shares of Joy Global from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $59.73.
Joy Global (NYSE:JOY) opened at 61.70 on Friday. Joy Global has a 1-year low of $47.83 and a 1-year high of $62.49. The stock’s 50-day moving average is $59.22 and its 200-day moving average is $56.82. The company has a market cap of $6.178 billion and a P/E ratio of 13.91. Joy Global also saw some unusual options trading activity on Wednesday. Investors purchased 3,633 put options on the stock. This represents an increase of approximately 183% compared to the typical daily volume of 1,286 put options.
Joy Global (NYSE:JOY) last released its earnings data on Thursday, June 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.05. The company had revenue of $930.00 million for the quarter, compared to the consensus estimate of $933.02 million. During the same quarter in the previous year, the company posted $1.73 earnings per share. The company’s revenue for the quarter was down 31.7% on a year-over-year basis. Analysts expect that Joy Global will post $3.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost 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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