Joy Global (JOY) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $28 and the lowest price target forecast is $24. The average forecast of all the analysts is $27 and the expected standard deviation is $1.58.
Joy Global (JOY) : The consensus on Joy Global (JOY) based on 11 analyst recommendation on the company stock is 2.45, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Also, Equity Analysts at the BB&T Capital upgrades the rating on Joy Global (NYSE:JOY). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Underperform. The rating by the firm was issued on July 22, 2016.
Joy Global (NYSE:JOY): The stock opened at $27.25 on Thursday but the bulls could not build on the opening and the stock topped out at $27.39 for the day. The stock traded down to $27.15 during the day, due to lack of any buying support eventually closed down at $27.25 with a loss of -0.11% for the day. The stock had closed at $27.28 on the previous day. The total traded volume was 1,677,772 shares.
Joy Global Inc. is a manufacturer and servicer of high productivity mining equipment for the extraction of coal and other minerals and ores. The Company manufactures and market original equipment and aftermarket parts and services for both underground and surface mining and certain industrial applications. The Companys equipment is used in major mining regions throughout the world to mine coal, copper, iron ore, oil sands, gold and other minerals. The Company operates in two business segments: Underground Mining Machinery and Surface Mining Equipment. The Company is a manufacturer of underground mining machinery for the extraction of coal and other bedded minerals and offer service locations near major mining regions worldwide. The Company is a major producer of surface mining equipment for the extraction of ores and minerals and provides extensive operational support for many types of equipment used in surface mining.