Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.2%. By the end of trading, Joy Global fell $1.22 (-2.2%) to $54.37 on average volume. Throughout the day, 2.1 million shares of Joy Global exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in price between $54.20-$56.08 after having opened the day at $55.85 as compared to the previous trading day's close of $55.59. Other companies within the Industrial Goods sector that declined today were:
), down 15.3%,
), down 11.5%,
), down 7.4%, and
), down 6.9%.
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Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. The company operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $6.01 billion and is part of the
industry. The company has a P/E ratio of 8.3, below the average industrial industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 25.9% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Joy Global a buy, two analysts rate it a sell, and five rate it a hold.
TheStreet Ratings rates Joy Global as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself.
- You can view the full Joy Global Ratings Report.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
) while those bearish on the industrial goods sector could consider
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