Joy Global EVP Unloads $597,312 in Stock (JOY)
Joy Global (NYSE:JOY) EVP Sean D. Major sold 9,333 shares of Joy Global stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $64.00, for a total value of $597,312.00. Following the sale, the executive vice president now directly owns 30,857 shares of the company’s stock, valued at approximately $1,974,848. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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 analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $61.74.
Shares of Joy Global (NYSE:JOY) traded up 0.74% on Friday, hitting $64.27. The stock had a trading volume of 1,221,681 shares. Joy Global has a one year low of $47.83 and a one year high of $65.36. The stock has a 50-day moving average of $61.3 and a 200-day moving average of $58.23. The company has a market cap of $6.421 billion and a P/E ratio of 20.04.
Joy Global (NYSE:JOY) last announced its earnings results 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. On average, analysts predict that Joy Global will post $3.23 earnings per share 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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