Why Joy Global Is Ready to Rebound
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, mining equipment maker has earned a respected four-star ranking.
With that in mind, let's take a closer look at Joy Global and see what CAPS investors are saying about the stock right now.
Joy Globalfacts
Headquarters (founded) | Milwaukee, Wis. (1884) |
Market Cap | $5.6 billion |
Industry | Farm and construction machinery |
Trailing-12-Month Revenue | $5.5 billion |
Management | CEO Michael Sutherlin (since 2006) CFO James Sullivan (since 2012) |
Return on Equity (average, past 3 years) | 34.2% |
Cash/Debt | $234.9 million / $1.4 billion |
Dividend Yield | 1.3% |
Competitors |
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 98% of the 1,655 members who have rated Joy Global believe the stock will outperform the S&P 500 going forward.
Just last week, one of those Fools, Googlespooch, tapped Joy Global as a particularly attractive turnaround play:
As China begins to improve and stabilize, it will continue to be its coal-happy self and consume increasing amounts of coal. Even better, Joy has a better grip on China than Caterpillar and is working to improve that position through acquisitions over the last couple of years. In addition to China, India also has a penchant for coal in order to fuel its operations. Besides all of that, natural gas prices are beginning to increase. With natural gas prices increasing, utility and energy-producing companies will be less inclined to make full switches to natural gas and will likely continue to utilize coal in their operations. Hopefully, all of this will help to drive sales of Joy's heavy mining equipment. Although the company may suffer some in upcoming quarters, I believe that, long-term, the company may have something going for them.
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The article Why Joy Global Is Ready to Rebound originally appeared on Fool.com.
Fool contributor Brian Pacampara and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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