Shares of John Bean Technologies Corporation (NYSE:JBT) have earned an average rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $107.50.
JBT has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of John Bean Technologies from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a report on Thursday, October 26th. Robert W. Baird set a $101.00 price target on shares of John Bean Technologies and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, Bank of America downgraded shares of John Bean Technologies from a “neutral” rating to an “underperform” rating in a report on Friday, December 8th.
John Bean Technologies (NYSE JBT) opened at $112.35 on Friday. John Bean Technologies has a fifty-two week low of $80.70 and a fifty-two week high of $120.55. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.91. The stock has a market cap of $3,489.81, a PE ratio of 38.93, a PEG ratio of 2.46 and a beta of 1.35.
John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Monday, October 23rd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. John Bean Technologies had a net margin of 5.41% and a return on equity of 25.51%. The firm had revenue of $420.80 million for the quarter, compared to the consensus estimate of $414.17 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. sell-side analysts forecast that John Bean Technologies will post 3.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be issued a $0.10 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.40 annualized dividend and a yield of 0.36%. John Bean Technologies’s dividend payout ratio (DPR) is presently 14.81%.
A number of large investors have recently modified their holdings of the stock. Alps Advisors Inc. increased its holdings in John Bean Technologies by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,438 shares of the industrial products company’s stock worth $533,000 after buying an additional 14 shares during the period. D.A. Davidson & CO. increased its holdings in John Bean Technologies by 1.2% in the 2nd quarter. D.A. Davidson & CO. now owns 1,574 shares of the industrial products company’s stock worth $154,000 after buying an additional 19 shares during the period. Teacher Retirement System of Texas grew its stake in shares of John Bean Technologies by 1.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 2,496 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 47 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of John Bean Technologies by 9.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the industrial products company’s stock worth $130,000 after purchasing an additional 114 shares during the period. Finally, Ameritas Investment Partners Inc. grew its stake in shares of John Bean Technologies by 4.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,758 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 122 shares during the period. Institutional investors own 99.26% of the company’s stock.
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John Bean Technologies Company Profile
John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.
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