The leading market experts have placed a mean price target of $25.11 on Joy Global Inc. (NYSE:JOY) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.18 a share for the upcoming quarter and $0.16 for the current fiscal.
The technical analysis of Joy Global Inc. Common Stock plainly substantiates that the 50-day moving average of Joy Global Inc. Common Stock is $25.10, and stock is trading $2.32 points away or +9.25% from its 50-day moving average of $25.10. Further it is trading $8.51 or +44.98% away its 200-day moving average of $18.91. Joy Global Inc. (NYSE:JOY) 52-week high is $28.55 and the 52-week low is $8.35.
This explains if the stock moves $-1.13, it will post a 52-week high. In event of +228.38% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Joy Global Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Joy Global Inc. (NYSE:JOY) ratio came in at N/A.
The stock last ended the trading session at $27.42 and registered a market cap of $2.69B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Joy Global Inc. (NYSE:JOY) PEG ratio is at -5.83.
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