John Bean Technologies (NYSE:JBT) had its price target cut by Robert W. Baird from $119.00 to $95.00 in a research note released on Friday, MarketBeat.com reports. They currently have a hold rating on the industrial products company’s stock.
JBT has been the topic of several other research reports. Zacks Investment Research upgraded shares of John Bean Technologies from a sell rating to a hold rating and set a $123.00 price target on the stock in a research report on Saturday, July 28th. 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. ValuEngine cut shares of John Bean Technologies from a buy rating to a hold rating in a research report on Tuesday, October 2nd. BMO Capital Markets boosted 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. Finally, TheStreet upgraded shares of John Bean Technologies from a c+ rating to an a- rating in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $102.71.
JBT traded down $0.38 during trading hours on Friday, hitting $90.01. The company’s stock had a trading volume of 390,186 shares, compared to its average volume of 233,201. John Bean Technologies has a 12 month low of $84.81 and a 12 month high of $123.90. The stock has a market capitalization of $2.84 billion, a PE ratio of 24.07, a P/E/G ratio of 1.38 and a beta of 1.26. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.80 and a current ratio of 1.38.
John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Wednesday, October 31st. The industrial products company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.05). John Bean Technologies had a return on equity of 28.31% and a net margin of 4.32%. The business had revenue of $481.90 million during the quarter, compared to the consensus estimate of $489.81 million. During the same quarter in the prior year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, research analysts forecast that John Bean Technologies will post 4.03 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC bought a new position in John Bean Technologies during the third quarter valued at $169,000. BB&T Corp bought a new position in John Bean Technologies during the third quarter valued at $224,000. Carnegie Capital Asset Management LLC bought a new position in John Bean Technologies during the second quarter valued at $239,000. Yorktown Management & Research Co Inc bought a new position in John Bean Technologies during the second quarter valued at $249,000. Finally, Everence Capital Management Inc. bought a new position in John Bean Technologies during the third quarter valued at $249,000.
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.
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