Joy Global Sets New 1-Year High at $65.36 (JOY)
Joy Global (NYSE:JOY)’s share price reached a new 52-week high during mid-day trading on Wednesday , American Banking News reports. The company traded as high as $65.36 and last traded at $64.58, with a volume of 9,910,216 shares. The stock had previously closed at $60.15.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Joy Global from $58.00 to $60.00 in a research note on Monday, June 30th. They now have a “neutral” rating on the stock. Separately, analysts at Longbow Research downgraded shares of Joy Global from a “neutral” rating to an “underperform” rating in a research note on Monday, June 23rd. They now have a $50.00 price target on the stock. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of Joy Global in a research note on Monday, June 9th. They now have a $75.00 price target on the stock, up previously from $65.00. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $61.74.
The stock has a 50-day moving average of $60.83 and a 200-day moving average of $58.09. The company has a market cap of $6.458 billion and a P/E ratio of 18.89.
Joy Global (NYSE:JOY) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.73 earnings per share. Joy Global’s revenue was down 31.7% compared to the same quarter last year. Analysts expect that Joy Global will post $3.24 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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