John Bean Technologies Corp. Sets New 1-Year High at $25.35 (JBT)
John Bean Technologies Corp. (NYSE:JBT)’s share price reached a new 52-week high during trading hours on Wednesday, American Banking News.com reports. The company traded as high as $25.35 and last traded at $25.21, with a volume of 90,938 shares traded. The stock had previously closed at $25.05.
A number of analysts have recently weighed in on JBT shares. Analysts at Global Hunter Securities initiated coverage on shares of John Bean Technologies Corp. in a research note to investors on Wednesday, September 25th. They set a “speculative buy” rating on the stock. Finally, analysts at CL King downgraded shares of John Bean Technologies Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold”.
John Bean Technologies Corp. has a one year low of $13.93 and a one year high of $25.30. The stock has a 50-day moving average of $23.7 and a 200-day moving average of $22.24. The company has a market cap of $727.6 million and a P/E ratio of 19.71.
John Bean Technologies Corp. (NYSE:JBT) last posted its quarterly earnings results 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. John Bean Technologies Corp.’s revenue was up 5.8% compared to the same quarter last year. 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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