Shares of John Bean Technologies Corp (NYSE:JBT) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $108.20.
JBT has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on John Bean Technologies from $90.00 to $96.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. ValuEngine lowered John Bean Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Co boosted their price objective on John Bean Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd.
Shares of John Bean Technologies stock traded up $0.97 on Friday, hitting $105.40. The company’s stock had a trading volume of 7,354 shares, compared to its average volume of 192,330. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.98 and a current ratio of 1.53. John Bean Technologies has a 1 year low of $66.28 and a 1 year high of $127.97. The firm has a fifty day moving average price of $104.12 and a 200-day moving average price of $109.13. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 2.34 and a beta of 1.46.
John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Monday, October 28th. The industrial products company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.20. John Bean Technologies had a return on equity of 33.52% and a net margin of 6.70%. The firm had revenue of $489.40 million during the quarter, compared to analyst estimates of $508.28 million. During the same quarter in the previous year, the business earned $1.06 EPS. John Bean Technologies’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, analysts forecast that John Bean Technologies will post 4.86 EPS for the current year.
In other John Bean Technologies news, EVP James L. Marvin sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $100.12, for a total transaction of $150,180.00. Following the completion of the sale, the executive vice president now directly owns 18,313 shares in the company, valued at approximately $1,833,497.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Caroline Maury Devine sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $109.19, for a total value of $32,757.00. Following the sale, the director now owns 49,946 shares of the company’s stock, valued at $5,453,603.74. The disclosure for this sale can be found here. 2.23% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of JBT. Steward Partners Investment Advisory LLC acquired a new position in shares of John Bean Technologies during the 2nd quarter worth approximately $26,000. Advisory Services Network LLC boosted its holdings in shares of John Bean Technologies by 46.3% during the 2nd quarter. Advisory Services Network LLC now owns 414 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 131 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of John Bean Technologies during the 3rd quarter worth approximately $54,000. Acadian Asset Management LLC acquired a new position in shares of John Bean Technologies during the 2nd quarter worth approximately $148,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of John Bean Technologies during the 2nd quarter worth approximately $176,000.
John Bean Technologies Company Profile
John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to 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, 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.
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