John Bean Technologies (NYSE:JBT) received a $125.00 target price from equities researchers at Wells Fargo & Co in a note issued to investors on Thursday, January 18th. The firm presently has a “buy” rating on the industrial products company’s stock. Wells Fargo & Co’s target price suggests a potential upside of 12.31% from the company’s previous close.
Several other equities analysts have also commented on JBT. Zacks Investment Research raised shares of John Bean Technologies from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research report on Thursday, October 26th. Bank of America lowered shares of John Bean Technologies from a “neutral” rating to an “underperform” rating in a research report on Friday, December 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $107.25.
Shares of John Bean Technologies (JBT) opened at $111.30 on Thursday. The company has a market cap of $3,510.00, a PE ratio of 40.33, a price-to-earnings-growth ratio of 2.00 and a beta of 1.32. John Bean Technologies has a 1 year low of $80.70 and a 1 year 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.
Several hedge funds and other institutional investors have recently modified their holdings of JBT. Oppenheimer Asset Management Inc. grew its stake in shares of John Bean Technologies by 67.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,152 shares of the industrial products company’s stock worth $113,000 after purchasing an additional 466 shares during the period. Advisor Group Inc. grew its stake in shares of John Bean Technologies by 27.4% during the 2nd quarter. Advisor Group Inc. now owns 1,381 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 297 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. D.A. Davidson & CO. grew its stake 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 valued at $154,000 after acquiring an additional 19 shares during the period. Finally, BB&T Corp acquired a new stake in John Bean Technologies in the 4th quarter valued at $206,000.
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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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