Barclays Capital Cuts Price Target on Joy Global (JOY)
Analysts at Barclays Capital (NYSE: BCS) lowered their price target on shares of Joy Global (NYSE: JOY) from $111.00 to $96.00 in a research report issued to clients and investors on Monday. The firm currently has an “overweight” rating on the stock.
JOY has been the subject of a number of other recent research reports. Analysts at KeyBanc (NYSE: KEY) upgraded shares of Joy Global from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, April 4th. They now have a $90.00 price target on the stock. Separately, analysts at UBS AG (NYSE: UBS) cut their price target on shares of Joy Global from $85.00 to $78.00 in a research note to investors on Thursday, March 29th. They now have a “neutral” rating on the stock. Finally, analysts at CL King upgraded shares of Joy Global from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, March 29th. They now have a $90.00 price target on the stock.
Shares of Joy Global traded down 2.25% during mid-day trading on Monday, hitting $64.68. Joy Global has a one year low of $57.48 and a one year high of $101.44. The company has a market cap of $6.845 billion and a P/E ratio of 10.87.
Joy Global last released its earnings data on Wednesday, February 29th. The company reported $1.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.35 by $0.02. The company’s quarterly revenue was up 30.7% on a year-over-year basis. Analysts expect that Joy Global will post $2.05 EPS next quarter.
Joy Global Inc. is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals, and ores.