John Bean Technologies Corp (JBT) Given Average Recommendation of “Hold” by Analysts

Shares of John Bean Technologies Corp (NYSE:JBT) have been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $107.50.

A number of equities research analysts have recently commented on JBT shares. Zacks Investment Research raised John Bean Technologies from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research note on Thursday, October 26th. Robert W. Baird increased their target price on John Bean Technologies from $107.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Finally, Bank of America cut John Bean Technologies from a “neutral” rating to an “underperform” rating in a research note on Friday, December 8th.

Several institutional investors have recently added to or reduced their stakes in JBT. Oppenheimer Asset Management Inc. boosted its position in shares of John Bean Technologies by 67.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,152 shares of the industrial products company’s stock valued at $113,000 after buying an additional 466 shares during the last quarter. Advisor Group Inc. boosted its position in shares of John Bean Technologies by 27.4% during the second quarter. Advisor Group Inc. now owns 1,381 shares of the industrial products company’s stock valued at $129,000 after buying an additional 297 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of John Bean Technologies by 9.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the industrial products company’s stock valued at $130,000 after buying an additional 114 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of John Bean Technologies by 1.2% during the second quarter. D.A. Davidson & CO. now owns 1,574 shares of the industrial products company’s stock valued at $154,000 after buying an additional 19 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its position in shares of John Bean Technologies by 71.6% during the second quarter. Riverhead Capital Management LLC now owns 2,231 shares of the industrial products company’s stock valued at $219,000 after buying an additional 931 shares during the last quarter. 99.26% of the stock is currently owned by institutional investors.

Shares of John Bean Technologies (JBT) opened at $110.20 on Wednesday. John Bean Technologies has a 12 month low of $80.70 and a 12 month high of $120.55. The company has a market capitalization of $3,480.00, a price-to-earnings ratio of 39.93, a PEG ratio of 2.04 and a beta of 1.35. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.91.

John Bean Technologies (NYSE:JBT) last released its earnings results on Monday, October 23rd. The industrial products company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. John Bean Technologies had a return on equity of 25.51% and a net margin of 5.41%. The firm had revenue of $420.80 million for the quarter, compared to analysts’ expectations of $414.17 million. During the same period in the prior year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. equities research analysts anticipate that John Bean Technologies will post 3.07 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were given a dividend of $0.10 per share. The ex-dividend date was Friday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. John Bean Technologies’s dividend payout ratio (DPR) is presently 14.49%.

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About John Bean Technologies

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.

Analyst Recommendations for John Bean Technologies (NYSE:JBT)

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