Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James downgraded shares of Joy Global from an outperform rating to a market perform rating in a research note to investors on Monday, January 28th. They now have a $67.00 price target on the stock, down previously from $77.50. Separately, analysts at Piper Jaffray reiterated an overweight rating on shares of Joy Global in a research note to investors on Thursday, January 24th. They now have a $84.00 price target on the stock. Finally, analysts at Susquehanna downgraded shares of Joy Global from a positive rating to a neutral rating in a research note to investors on Wednesday, January 23rd. They now have a $73.00 price target on the stock, down previously from $84.00.
Eleven analysts have rated the stock with a buy rating, two have given an overweight rating, and seven have assigned a hold rating to the company’s stock. The company has an average rating of overweight and an average price target of $103.53.
Joy Global traded up 0.65% on Friday, hitting $63.27. Joy Global has a 1-year low of $47.69 and a 1-year high of $94.00. The stock’s 50-day moving average is currently $64.9. The company has a market cap of $6.706 billion and a price-to-earnings ratio of 8.81.
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