John Bean Technologies Corp (NYSE:JBT) has been given an average recommendation of “Hold” by the ten research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $102.50.
JBT has been the subject of a number of research reports. Zacks Investment Research upgraded shares of John Bean Technologies from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research note on Friday, February 9th. Wells Fargo set a $130.00 target price on shares of John Bean Technologies and gave the stock a “buy” rating in a research note on Wednesday, February 28th. BMO Capital Markets raised their target price on shares of John Bean Technologies to $125.00 and gave the stock an “outperform” rating in a research note on Monday, March 5th. Robert W. Baird cut shares of John Bean Technologies from an “outperform” rating to a “neutral” rating and set a $119.00 target price for the company. in a research note on Monday, April 23rd. Finally, ValuEngine cut shares of John Bean Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd.
In related news, Director Polly B. Kawalek bought 300 shares of the business’s stock in a transaction dated Monday, May 14th. The stock was bought at an average price of $86.44 per share, for a total transaction of $25,932.00. Following the purchase, the director now owns 67,577 shares in the company, valued at approximately $5,841,355.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.24% of the company’s stock.
JBT stock traded up $0.35 during trading hours on Tuesday, reaching $88.00. The stock had a trading volume of 198,086 shares, compared to its average volume of 378,762. The stock has a market cap of $2.79 billion, a P/E ratio of 28.39, a P/E/G ratio of 1.32 and a beta of 1.27. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.25 and a quick ratio of 0.69. John Bean Technologies has a fifty-two week low of $83.05 and a fifty-two week high of $122.65.
John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Tuesday, May 1st. The industrial products company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $409.20 million during the quarter, compared to analyst estimates of $373.20 million. John Bean Technologies had a net margin of 3.78% and a return on equity of 21.73%. The business’s revenue was up 18.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 EPS. equities research analysts anticipate that John Bean Technologies will post 4 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Stockholders of record on Thursday, May 24th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Wednesday, May 23rd. John Bean Technologies’s dividend payout ratio is presently 12.90%.
About John Bean Technologies
John Bean Technologies Corporation designs, manufactures, tests, installs, and services products and systems for the food and beverage, and air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing solutions, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.
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