Joy Global (NYSE:JOY) has been downgraded from Buy to Neutral in a report by CL King today.
- Updated: October 19, 2016
CL King has downgraded Joy Global (NYSE:JOY) from Buy to Neutral in a report released on 10/19/2016.
On 9/5/2016, Robert W. Baird released a statement on Joy Global (NYSE:JOY) upped the target price from $26.00 to $28.00. At the time, this indicated a possible upside of 0.03%.
Yesterday Joy Global (NYSE:JOY) traded 0.18% higher at $27.81. Joy Global’s 50-day average is $27.61 and its two hundred day average is $23.19. With the last stock price close up 20.13% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trading volume was down over the average, with 2,009,590 shares of JOY changing hands under the typical 2,592,980
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Joy Global has with a one year low of $8.35 and a one year high of $28.55 and has a total market value of $0.
A total of 17 firms have reported on the stock. 0 brokerages rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the company a hold, zero analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $20.82.
Brief Synopsis About Joy Global (NYSE:JOY)
Joy Global Inc. is a manufacturer and servicer of mining equipment for the extraction of metals and minerals. The Company manufactures and markets original equipment and parts, and performs services for both underground and surface mining, as well as certain industrial applications. Its equipment is used in mining regions to mine coal, copper, iron ore, oil sands, gold, and other minerals and ores. It operates through two segments: Underground Mining Machinery (Underground) and Surface Mining Equipment (Surface). It produces electric mining shovels, blasthole drills, walking draglines and wheel loaders for open-pit mining operations. In addition to life cycle management support, its Underground segment and Surface segment provides equipment assemblies, relocations, inspections, upgrades, used equipment, service, repairs, rebuilds, parts, consumables, enhancement kits and training to customers across the world.
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