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.
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.
