Joy Global Inc. (NYSE:JOY)‘s stock had its “hold” rating reaffirmed by BMO Capital Markets in a report issued on Tuesday. They currently have a $28.00 target price on the stock. BMO Capital Markets’ price objective indicates a potential upside of 1.97% from the company’s previous close.

A number of other equities analysts have also weighed in on JOY. Morgan Stanley boosted their target price on Joy Global from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Friday, June 3rd. Citigroup Inc. reissued a “hold” rating on shares of Joy Global in a research report on Saturday, June 4th. Vetr lowered Joy Global from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a research report on Wednesday, June 29th. FBR & Co raised Joy Global from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $14.00 to $25.00 in a research report on Friday, June 10th. Finally, Robert W. Baird lowered Joy Global from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $26.00 to $28.00 in a research report on Friday, September 2nd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.69.

Analyst Recommendations for Joy Global (NYSE:JOY)

Shares of Joy Global (NYSE:JOY) opened at 27.46 on Tuesday. The stock’s market capitalization is $2.70 billion. The stock has a 50 day moving average of $27.45 and a 200-day moving average of $21.51. Joy Global has a one year low of $8.35 and a one year high of $28.55.

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Joy Global (NYSE:JOY) last issued its earnings results on Thursday, September 1st. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.02. Joy Global had a positive return on equity of 2.76% and a negative net margin of 52.93%. The business earned $587 million during the quarter. During the same period last year, the business posted $0.59 earnings per share. The business’s revenue was down 26.0% compared to the same quarter last year. Equities analysts forecast that Joy Global will post $0.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 19th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.15%. Joy Global’s dividend payout ratio (DPR) is -0.29%.

Several hedge funds have recently modified their holdings of the company. Kiltearn Partners LLP boosted its stake in shares of Joy Global by 15.0% in the first quarter. Kiltearn Partners LLP now owns 7,510,805 shares of the company’s stock valued at $120,699,000 after buying an additional 976,983 shares during the period. Vanguard Group Inc. boosted its stake in shares of Joy Global by 6.6% in the second quarter. Vanguard Group Inc. now owns 7,094,801 shares of the company’s stock valued at $149,984,000 after buying an additional 441,391 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Joy Global by 56.4% in the second quarter. BlackRock Fund Advisors now owns 4,868,856 shares of the company’s stock valued at $102,928,000 after buying an additional 1,755,035 shares during the period. Investec Asset Management LTD boosted its stake in shares of Joy Global by 9.3% in the first quarter. Investec Asset Management LTD now owns 4,063,073 shares of the company’s stock valued at $65,294,000 after buying an additional 347,058 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Joy Global by 3.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,916,619 shares of the company’s stock valued at $61,657,000 after buying an additional 99,451 shares during the period.

About Joy Global

Joy Global Inc is a manufacturer and servicer of mining equipment for the extraction of metals and minerals. The Company manufactures and markets original equipment and parts, and performs services for both underground and surface mining, as well as certain industrial applications. Its equipment is used in mining regions to mine coal, copper, iron ore, oil sands, gold, and other minerals and ores.

5 Day Chart for NYSE:JOY

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