Brokerage Firm Rating Update on Joy Global (JOY)

Joy Global (JOY) has an average broker rating of 2.64, which is interpreted as a Hold, as rated by 11 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 9 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) : Currently there are 9 street experts covering Joy Global (JOY) stock. The most bullish and bearish price target for the stock is $28 and $24 respectively for the short term. The average price target of all the analysts comes to $27.22. The estimated standard deviation from the target is $1.56.


Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Baird downgrades its ratings on Joy Global (NYSE:JOY). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on September 2, 2016.

Joy Global (NYSE:JOY): The stock opened at $27.28 and touched an intraday high of $27.48 on Wednesday. During the day, the stock corrected to an intraday low of $27.28, however, the bulls stepped in and pushed the price higher to close in the green at $27.48 with a gain of 0.73% for the day. The total traded volume for the day was 641,147. The stock had closed at $27.28 in the previous trading session.

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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