JBT Co. (NYSE:JBT) has earned a consensus rating of “Hold” from the ten brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $102.50.
A number of research analysts have recently commented on the stock. BMO Capital Markets reduced their price target on shares of JBT from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Wednesday, May 9th. Zacks Investment Research lowered shares of JBT from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. Bank of America reduced their price target on shares of JBT from $104.00 to $84.00 and set an “underperform” rating for the company in a research report on Friday, May 4th. TheStreet lowered shares of JBT from a “b+” rating to a “c+” rating in a research report on Wednesday, May 2nd. Finally, Wells Fargo set a $115.00 target price on shares of JBT and gave the stock a “buy” rating in a research report on Thursday, May 3rd.
Shares of JBT stock traded up $0.35 on Tuesday, hitting $88.00. The stock had a trading volume of 212 shares, compared to its average volume of 191,911. JBT has a twelve month low of $85.60 and a twelve month high of $87.05. The company has a current ratio of 1.25, a quick ratio of 0.69 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 1.31 and a beta of 1.27.
JBT (NYSE:JBT) last posted its earnings results on Tuesday, May 1st. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). JBT had a net margin of 3.78% and a return on equity of 21.73%. The firm had revenue of $409.20 million during the quarter, compared to analyst estimates of $373.20 million. During the same period in the previous year, the company posted $0.59 EPS. JBT’s revenue for the quarter was up 18.8% compared to the same quarter last year. equities research analysts predict that JBT will post 4 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Thursday, May 24th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, May 23rd. This represents a $0.40 annualized dividend and a yield of 0.45%. JBT’s dividend payout ratio (DPR) is presently 12.90%.
In related news, Director Polly B. Kawalek bought 300 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was bought at an average cost of $86.44 per share, for a total transaction of $25,932.00. Following the completion of the transaction, the director now owns 67,577 shares of the company’s stock, valued at $5,841,355.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.24% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in JBT. Cambridge Investment Research Advisors Inc. bought a new stake in shares of JBT during the 4th quarter valued at $201,000. BB&T Corp acquired a new stake in shares of JBT in the fourth quarter valued at about $206,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of JBT by 43.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the industrial products company’s stock valued at $212,000 after buying an additional 581 shares during the last quarter. Carnegie Capital Asset Management LLC acquired a new stake in shares of JBT in the fourth quarter valued at about $244,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of JBT in the fourth quarter valued at about $245,000.
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.
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