Analyst Ratings for Joy Global Inc. (JOY)Updated: 2017-04-03
Analysts covering Joy Global Inc. (NYSE:JOY) have given it a consensus rating of Hold. Last month, JOY received an average rating of Hold.
Of the 12 analysts covering the stock, 0 gave it a buy rating, 0 gave an overweight rating, 12 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Several price targets were given for JOY by the analysts covering the stock. The highest price target was 28.3, implying a possible profit of 0.04 percent. The minimum price target given was 28, implying a possible loss of -1.03 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 8.71 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0.97 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 9.72 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.44 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
JOY has a 52-week high of 28.55 and a 52-week low of 14.04. The current market price is above the trailing year's low by 101.5 percent, and below the high by 0.91 percent. JOY has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The JOY value stock report compares JOY to some of its peers using value stock charts. The market cap of JOY is $2.81 billion. JOY's next earnings release will be on 0000-00-00, which is days away.