Joy Global Inc. (JOY): Today's Featured Industrial Laggard

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.

Joy Global ( JOY) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Joy Global fell $1.12 (-2%) to $55.95 on average volume. Throughout the day, 2.4 million shares of Joy Global exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in price between $55.01-$57.67 after having opened the day at $57.29 as compared to the previous trading day's close of $57.07. Other companies within the Industrial industry that declined today were: China Valves Technology ( CVVT), down 14.8%, Intellicheck Mobilisa ( IDN), down 9.7%, Highpower International ( HPJ), down 7.9%, and Plug Power ( PLUG), down 6.8%.
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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 $5.81 billion and is part of the industrial goods sector. The company has a P/E ratio of 7.8, below the S&P 500 P/E ratio of 17.7. Shares are down 26.8% year to date as of the close of trading on Monday. Currently there are 13 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 hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

On the positive front, Cleantech Solutions International ( CLNT), up 24.1%, Daktronics ( DAKT), up 15.4%, Ecotality ( ECTY), up 14.7%, and Energy Recovery ( ERII), up 10.8%, were all gainers within the industrial industry with Ingersoll-Rand ( IR) being today's featured industrial industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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