John Bean Technologies Corp (JBT) Receives Average Rating of “Hold” from Analysts

John Bean Technologies Corp (NYSE:JBT) has earned an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $103.33.

Several equities analysts have recently commented on JBT shares. Zacks Investment Research cut shares of John Bean Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, August 16th. ValuEngine raised shares of John Bean Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. TheStreet raised shares of John Bean Technologies from a “c+” rating to an “a-” rating in a research report on Thursday, July 26th. JPMorgan Chase & Co. cut shares of John Bean Technologies from a “neutral” rating to an “underweight” rating and set a $88.00 price target on the stock. in a research report on Friday, September 21st. Finally, BMO Capital Markets increased their price target on shares of John Bean Technologies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 31st.

Hedge funds have recently modified their holdings of the company. BB&T Corp bought a new position in John Bean Technologies in the third quarter worth about $224,000. Carnegie Capital Asset Management LLC bought a new position in John Bean Technologies in the second quarter worth about $239,000. Yorktown Management & Research Co Inc bought a new position in John Bean Technologies in the second quarter worth about $249,000. PEAK6 Investments L.P. lifted its holdings in John Bean Technologies by 203.6% in the second quarter. PEAK6 Investments L.P. now owns 3,106 shares of the industrial products company’s stock worth $276,000 after acquiring an additional 6,104 shares during the last quarter. Finally, Diversified Trust Co bought a new position in John Bean Technologies in the second quarter worth about $289,000.

Shares of JBT stock traded down $1.96 during trading hours on Friday, hitting $102.70. 120,100 shares of the company were exchanged, compared to its average volume of 196,588. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.80 and a current ratio of 1.33. John Bean Technologies has a one year low of $84.81 and a one year high of $123.90. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 1.66 and a beta of 1.18.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Wednesday, July 25th. The industrial products company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.05 by $0.19. John Bean Technologies had a net margin of 4.43% and a return on equity of 26.58%. The business had revenue of $491.30 million for the quarter, compared to analysts’ expectations of $474.59 million. During the same quarter last year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. As a group, research analysts forecast that John Bean Technologies will post 4.03 EPS for the current year.

John Bean Technologies Company Profile

John Bean Technologies Corporation designs, manufactures, tests, installs, and services products and systems for the food and beverage, and air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing solutions, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.

Read More: Stock Symbols and CUSIP Explained

Analyst Recommendations for John Bean Technologies (NYSE:JBT)

Receive News & Ratings for John Bean Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply