Global Hunter Securities Reiterates “Buy” Rating for John Bean Technologies Corp (JBT)
John Bean Technologies Corp (NYSE:JBT)‘s stock had its “buy” rating restated by stock analysts at Global Hunter Securities in a report issued on Tuesday. They currently have a $35.00 price objective on the stock, down from their previous price objective of $40.00. Global Hunter Securities’ target price suggests a potential upside of 16.47% from the stock’s previous close.
A number of other firms have also recently commented on JBT. Analysts at TheStreet downgraded shares of John Bean Technologies Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Analysts at Zacks upgraded shares of John Bean Technologies Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $29.00 price target on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. John Bean Technologies Corp currently has a consensus rating of “Hold” and a consensus target price of $32.00.
John Bean Technologies Corp (NYSE:JBT) traded up 0.03% on Tuesday, hitting $30.06. The stock had a trading volume of 31,823 shares. John Bean Technologies Corp has a one year low of $20.74 and a one year high of $32.83. The stock’s 50-day moving average is $29.51 and its 200-day moving average is $29.74. The company has a market cap of $875.9 million and a price-to-earnings ratio of 36.65.
John Bean Technologies Corp (NYSE:JBT) last released its earnings data on Monday, May 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.12. The company had revenue of $198.00 million for the quarter, compared to the consensus estimate of $203.35 million. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts predict that John Bean Technologies Corp will post $1.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 9th. Investors of record on Monday, May 26th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, May 21st.
John Bean Technologies Corporation is a global technology solutions provider for the food processing and air transportation industries.
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