Stock analysts at Bank of America Corp started coverage on shares of John Bean Technologies Corp (NYSE:JBT) in a report released on Thursday, The Fly reports. The brokerage set a “neutral” rating on the industrial products company’s stock.

JBT has been the subject of a number of other reports. Zacks Investment Research raised shares of John Bean Technologies Corp from a “hold” rating to a “strong-buy” rating and set a $103.00 price objective for the company in a research report on Thursday, March 2nd. Robert W. Baird began coverage on shares of John Bean Technologies Corp in a research report on Monday, March 13th. They issued an “outperform” rating and a $101.00 price objective for the company. Wells Fargo & Co began coverage on shares of John Bean Technologies Corp in a research report on Monday, March 13th. They issued an “outperform” rating for the company. Sidoti raised shares of John Bean Technologies Corp from a “neutral” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, February 28th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $105.00 price objective on shares of John Bean Technologies Corp in a research report on Monday, April 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $99.50.

Analyst Recommendations for John Bean Technologies Corp (NYSE:JBT)

Shares of John Bean Technologies Corp (NYSE:JBT) opened at 84.40 on Thursday. John Bean Technologies Corp has a 12 month low of $56.92 and a 12 month high of $93.55. The company has a market cap of $2.67 billion, a P/E ratio of 31.60 and a beta of 1.34. The firm has a 50-day moving average price of $87.99 and a 200 day moving average price of $86.51.

John Bean Technologies Corp (NYSE:JBT) last posted its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The company had revenue of $344.50 million during the quarter, compared to analysts’ expectations of $314.69 million. John Bean Technologies Corp had a net margin of 5.04% and a return on equity of 48.82%. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. Equities analysts predict that John Bean Technologies Corp will post $3.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 25th will be given a $0.10 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.47%. John Bean Technologies Corp’s payout ratio is currently 18.26%.

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Several large investors have recently modified their holdings of JBT. Glen Harbor Capital Management LLC raised its stake in shares of John Bean Technologies Corp by 4.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,144 shares of the industrial products company’s stock worth $101,000 after buying an additional 44 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of John Bean Technologies Corp by 62.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,216 shares of the industrial products company’s stock worth $107,000 after buying an additional 467 shares during the period. Elkfork Partners LLC bought a new stake in shares of John Bean Technologies Corp during the fourth quarter worth about $120,000. US Bancorp DE raised its stake in shares of John Bean Technologies Corp by 78.4% in the first quarter. US Bancorp DE now owns 1,700 shares of the industrial products company’s stock worth $150,000 after buying an additional 747 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of John Bean Technologies Corp by 144.4% in the first quarter. Fifth Third Bancorp now owns 1,745 shares of the industrial products company’s stock worth $153,000 after buying an additional 1,031 shares during the period. Institutional investors and hedge funds own 97.86% of the company’s stock.

About John Bean Technologies Corp

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.

5 Day Chart for NYSE:JBT

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