Joy Global (JOY) : Analyst Rating Update

Joy Global (JOY) : The consensus on Joy Global (JOY) based on 13 analyst recommendation on the company stock is 2.69, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Joy Global (JOY) : Average target price received by Joy Global (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.

Joy Global (NYSE:JOY): The stock opened at $20.68 on Wednesday but the bulls could not build on the opening and the stock topped out at $20.76 for the day. The stock traded down to $19.88 during the day, due to lack of any buying support eventually closed down at $20.54 with a loss of -1.20% for the day. The stock had closed at $20.79 on the previous day. The total traded volume was 2,459,456 shares.

Also, In the latest statement by the brokerage house, FBR Capital upgrades its outlook on Joy Global (NYSE:JOY). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The rating by the firm was issued on June 10, 2016. The company shares have dropped -35.71% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $32.96 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $19.84 and the 200 Day Moving Average price is recorded at $15.73.

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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