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.

A number of analysts gave price targets for JOY. The most optimistic price target was 28.3, which equates to a potential upside of 0.04 percent. The most pessimistic analyst gave a price target of 28, implying potential capital losses of -1.03 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

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. Meanwhile, fiscal year estimates have been revised upwards by 9.72 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 2.44 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. 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. Today's price is 101.5 percent above the 52-week low, and 0.91 percent lower than its 52-week high. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.