Analyst Rating Update on Joy Global (JOY)

Joy Global (JOY) has an average broker rating of 2.45, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Joy Global (JOY) : The most positive equity analysts on Joy Global (JOY) expects the shares to touch $28, whereas, the least positive believes that the stock will trade at $24 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $27 with an expected fluctuation of $1.58 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, BB&T Capital upgrades its rating on Joy Global (NYSE:JOY). Analysts at the BB&T Capital have a current rating of Hold on the shares. The shares were previously rated Underperform. The rating by the firm was issued on July 22, 2016.


Joy Global (NYSE:JOY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.37 and $27.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.59, notching a gain of 1.03% for the day. The total traded volume was 3,553,325 . The stock had closed at $27.31 on the previous day.

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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