John Bean Technologies Corp. Hits New 52-Week High at $24.91 (JBT)
John Bean Technologies Corp. (NYSE:JBT) set a new 52-week high during trading hours on Thursday, American Banking News reports. The company traded as high as $24.91 and last traded at $24.75, with a volume of 43,415 shares. The stock had previously closed at $24.68.
Several analysts have recently commented on the stock. Analysts at Global Hunter Securities initiated coverage on shares of John Bean Technologies Corp. (NYSE:JBT) in a research note to investors on Tuesday, August 20th. They set a “buy” rating and a $31.00 price target on the stock. They noted that the move was a valuation call. Analysts at CL King downgraded shares of John Bean Technologies Corp. (NYSE:JBT) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th.
Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. John Bean Technologies Corp. has a consensus rating of “Hold” and an average price target of $31.00.
In other John Bean Technologies Corp. news, VP Mark K. Montague sold 7,500 shares of John Bean Technologies Corp. stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.84, for a total transaction of $171,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
John Bean Technologies Corp. has a one year low of $13.93 and a one year high of $24.91. The stock’s 50-day moving average is $23.07 and its 200-day moving average is $21.78. The company has a market cap of $718.7 million and a price-to-earnings ratio of 19.42.
John Bean Technologies Corp. (NYSE:JBT) last released its earnings data on Tuesday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. The company had revenue of $226.90 million for the quarter, compared to the consensus estimate of $223.30 million. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that John Bean Technologies Corp. will post $1.36 EPS for the current fiscal year.
John Bean Technologies Corporation is a global technology solutions provider for the food processing and air transportation industries.
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