Raymond James reaffirmed their market perform rating on shares of Joy Global (NYSE: JOY) in a report issued on Friday.
“Replacing Mr. Doheny is Randal W. Baker (49), currently President and COO of the Surface Mining Equipment division. He will take on a newly created position of Corporate COO. In this role, Mr. Baker will oversee both the Surface Mining Equipment and the Underground Mining Equipment divisions. Mr. Baker has served as EVP of Joy and as President and COO of the Surface Mining Equipment division since 2009. His previous experience includes acting as President and CEO of Case IH Agriculture Inc., and VP and General Manager of Komatsu Mining Systems.,” Raymond James’ analyst wrote.
Joy Global (NYSE: JOY) traded down 0.96% on Friday, hitting $61.215. Joy Global has a 1-year low of $47.69 and a 1-year high of $77.98. The stock’s 50-day moving average is currently $62.30. The company has a market cap of $6.501 billion and a price-to-earnings ratio of 8.67.
JOY has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a neutral rating on shares of Joy Global in a research note to investors on Tuesday, March 12th. They now have a $67.00 price target on the stock. Separately, analysts at Goldman Sachs reiterated a buy rating on shares of Joy Global in a research note to investors on Thursday, February 28th. They now have a $83.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Joy Global from $60.00 to $64.00 in a research note to investors on Thursday, February 28th. They now have a neutral rating on the stock.
Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Joy Global presently has a consensus rating of Hold and a consensus price target of $71.33.
Joy Global Inc. is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals, and ores.
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