Price Target Update on Joy Global (NYSE:JOY)

Joy Global (NYSE:JOY) : Average target price received by Joy Global (NYSE:JOY) is $21.25 with an expected standard deviation of $4.4. The most aggressive target on the stock is $26, whereas the most downbeat target is $14. 8 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. FBR Capital upgrades its rating on Joy Global (NYSE:JOY). Analysts at the FBR Capital have a current rating of Outperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on June 10, 2016.

Joy Global (NYSE:JOY): stock turned positive on Thursday. Though the stock opened at $21.81, the bulls momentum made the stock top out at $22.81 level for the day. The stock recorded a low of $21.79 and closed the trading day at $22.76, in the green by 6.26%. The total traded volume for the day was 3,629,004. The stock had closed at $21.42 in the previous days trading.

The company shares have dropped -42.74% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $38.99 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $18.91 and the 200 Day Moving Average price is recorded at $15.16. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Joy Global Inc, Doheny Edward L Ii had purchased shares worth of $112,000 in a transaction dated on January 6, 2016. A total of 10,000 shares were purchased at a price of $11.2 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

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