Joy Global Given Average Recommendation of “Hold” by Analysts (NYSE:JOY)
Shares of Joy Global (NYSE:JOY) have received a consensus rating of “Hold” from the nineteen analysts that are currently covering the stock, AnalystRatings.Net reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $61.85.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Joy Global in a research note on Friday, August 22nd. They now have a $67.00 price target on the stock. Separately, 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. Finally, 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.
Joy Global (NYSE:JOY) opened at 64.05 on Wednesday. Joy Global has a 52 week low of $48.07 and a 52 week high of $65.36. The stock has a 50-day moving average of $61.69 and a 200-day moving average of $59.59. The company has a market cap of $6.399 billion and a P/E ratio of 20.12.
Joy Global (NYSE:JOY) last issued its quarterly 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 prior year, the company posted $1.73 earnings per share. The company’s quarterly revenue was down 31.7% on a year-over-year basis. On average, analysts predict that Joy Global will post $3.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Tuesday, September 2nd.
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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