John Bean Technologies (NYSE:JBT) has been given a $125.00 target price by Wells Fargo & Co in a research report issued on Thursday. The brokerage currently has a “buy” rating on the industrial products company’s stock. Wells Fargo & Co’s price target points to a potential upside of 7.99% from the company’s current price.
JBT has been the subject of a number of other reports. Zacks Investment Research upgraded shares of John Bean Technologies from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a report on Thursday, October 26th. Robert W. Baird boosted their target price on shares of John Bean Technologies from $107.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Finally, Bank of America downgraded shares of John Bean Technologies from a “neutral” rating to an “underperform” rating in a report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $107.50.
Shares of John Bean Technologies (NYSE:JBT) traded up $2.05 during trading on Thursday, reaching $115.75. 106,312 shares of the company’s stock were exchanged, compared to its average volume of 101,011. The company has a market capitalization of $3,654.00, a P/E ratio of 42.87, a PEG ratio of 2.14 and a beta of 1.36. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.28 and a quick ratio of 0.82. John Bean Technologies has a fifty-two week low of $80.70 and a fifty-two week high of $120.55.
John Bean Technologies (NYSE:JBT) last announced its earnings results on Monday, October 23rd. The industrial products company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. The business had revenue of $420.80 million during the quarter, compared to the consensus estimate of $414.17 million. John Bean Technologies had a net margin of 6.27% and a return on equity of 25.42%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. equities research analysts predict that John Bean Technologies will post 3.07 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its holdings in John Bean Technologies by 67.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,152 shares of the industrial products company’s stock worth $113,000 after buying an additional 466 shares during the period. Advisor Group Inc. increased its holdings in John Bean Technologies by 27.4% in the 2nd quarter. Advisor Group Inc. now owns 1,381 shares of the industrial products company’s stock worth $129,000 after buying an additional 297 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in John Bean Technologies by 9.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the industrial products company’s stock worth $130,000 after buying an additional 114 shares during the period. D.A. Davidson & CO. increased its holdings in John Bean Technologies by 1.2% in the 2nd quarter. D.A. Davidson & CO. now owns 1,574 shares of the industrial products company’s stock worth $154,000 after buying an additional 19 shares during the period. Finally, Riverhead Capital Management LLC increased its holdings in John Bean Technologies by 71.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,231 shares of the industrial products company’s stock worth $219,000 after buying an additional 931 shares during the period.
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John Bean Technologies Company Profile
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.