Buckingham Research Upgrades Joy Global to Buy (JOY)

By admin | 6 years ago

Joy Global (NYSE: JOY) was upgraded by investment analysts at Buckingham Research from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday.

Joy Global traded up 0.74% on Wednesday, hitting $65.16. Joy Global has a 1-year low of $57.48 and a 1-year high of $101.44. The company has a market cap of $6.895 billion and a price-to-earnings ratio of 10.63.

Joy Global last posted its quarterly earnings results 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.

Several other analysts have also recently commented on the stock. Analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Joy Global from $111.00 to $96.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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.

Joy Global Inc. is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals, and ores.

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