Analyst Research Summary: Joy Global Inc. (NYSE:JOY)

Joy Global Inc. (NYSE:JOY) stock is presently standing at about $28.16 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 14 analysts covering the company is $28.00, which suggests the stock could still rise over -1 percent. The highest analyst price target is $28.30, which implies a rally of 100 percent. And a quick view of analyst notes show that 0 are rating the stock a buy while 1 rate JOY a strong buy. There are 12 equity research firms advocating a Hold and 0 consider it Sell.

CL King analysts provided their view on Joy Global Inc. (NYSE:JOY) recently. The rating firm issued a Neutral rating to this company in a research note released on Oct 19, 2016. Robert W. Baird analysts disclosed their opinion on Joy Global Inc. (NYSE:JOY) recently. The rating firm gave a Neutral rating to this stock in a research note published on Sep 02, 2016. According to a research note disclosed on Jul 21, 2016, analysts at BB&T Capital Mkts have upped their rating on these shares from Underweight to Hold.

Joy Global Inc. (NYSE:JOY) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its President and CEO Doheny Edward L II sold 408,022 company shares for 11428700, in a transaction on 2016-12-30. Following the transaction, the President and CEO is left with a stake of 404,346 shares, currently valued at $11386383. Meanwhile, President Underground Segment Salditt Peter B sold 50,000 shares worth $1401000, through a transaction dated 2016-12-29. Following the completion of the transaction, the insider is left with a stake of 50,942 shares, amounting $1434526.72. JOY President Surface Segment Koetz John M also sold 35,165 shares, at a stock price of $28.04. This transaction occurred on 2016-12-28 totals $986030. After this transaction, the insider’s stake stands at 35,726 shares, with a market value of $1006044.

Executives hold 1.80 percent of the stock. Mr. Edward L. Doheny, II is one of the biggest insider owners in Joy Global Inc. (NYSE:JOY), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 404,439 shares which have current market value of around $11389002.24.Mr. Michael W. Sutherlin is another major inside shareholder in the company. The insider owns 184,918 shares as of 0.19%, currently worth $5207290.88. John Nils Hanson is ranked as third insider holder of the stock. This insider holds 140,112 shares with a market value around $3945553.92 as of recent close.

Joy Global Inc. (NYSE:JOY) Earnings Outlook

In Joy Global Inc. (NYSE:JOY)’s latest quarter, EPS moved to $-0.06 from $0.17 in preceding quarter and revenues reached at $497.77M compared to $656.56M. Analysts had expected Joy Global Inc. (NYSE:JOY) to post net income of about $-0.09 per share on $511.62M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.19 to $0.04. That is compared with the $0.09 in EPS it reported during the same period a year ago.