Joy Global Given Consensus Recommendation of “Hold” by Analysts (NYSE:JOY)
Joy Global (NYSE:JOY) has earned an average rating of “Hold” from the seventeen analysts that are presently covering the stock, AnalystRatingsNetwork reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $62.10.
Shares of Joy Global (NYSE:JOY) opened at 63.15 on Wednesday. Joy Global has a 52 week low of $49.07 and a 52 week high of $65.36. The stock’s 50-day moving average is $61.93 and its 200-day moving average is $59.71. The company has a market cap of $6.309 billion and a P/E ratio of 19.81.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 18th. Stockholders of record on Thursday, September 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 1.27%. The ex-dividend date is Tuesday, September 2nd.
JOY has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Joy Global from $60.00 to $62.00 in a research note on Thursday. Separately, 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.
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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