Joy Global Price Target Raised to $64.00 at UBS AG (JOY)
Shares of Joy Global traded down 2.93% during mid-day trading on Thursday, hitting $60.24. Joy Global has a 52 week low of $47.69 and a 52 week high of $85.29. The stock’s 50-day moving average is currently $63.9. The company has a market cap of $6.398 billion and a P/E ratio of 8.70.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 18th. Stockholders of record on Monday, March 4th will be given a dividend of $0.18 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, February 28th.
A number of other firms have also recently commented on JOY. Analysts at Credit Agricole upgraded shares of Joy Global from an underperform rating to a buy rating in a research note to investors on Thursday. They now have a $78.00 price target on the stock, up previously from $72.00. Separately, analysts at TheStreet reiterated a buy rating on shares of Joy Global in a research note to investors on Tuesday, February 26th. Finally, analysts at SunTrust raised their price target on shares of Joy Global from $70.00 to $75.00 in a research note to investors on Friday, February 15th. They now have a buy rating on the stock.
Eleven analysts have rated the stock with a buy rating, two have given an overweight rating, and seven have issued a hold rating to the stock. The company presently has an average rating of overweight and an average target price of $103.53.
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