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.
Many analysts weighed in on price targets for JOY. The maximum price target given was 28.3, implying a possible profit of 0.04 percent. The most pessimistic price target 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. If we look at the last 90 days instead, we find a net average change of 2.44 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 2 analysts decreased their estimates.
In the trailing 52-weeks, JOY hit 28.55 at the highest peak, while it's lowest trading point was 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 stock has a market capitalization of $2.81 billion. JOY's next earnings release will be on 0000-00-00, which is days away.