John Bean Technologies Corporation (JBT) Given Consensus Rating of “Buy” by Brokerages

John Bean Technologies Corporation (NYSE:JBT) has earned an average rating of “Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $104.86.

A number of research analysts have recently commented on the company. BidaskClub lowered John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research lowered John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Robert W. Baird set a $101.00 price target on John Bean Technologies Corporation and gave the company a “buy” rating in a report on Thursday, August 24th.

In related news, Director Caroline Maury Devine sold 2,000 shares of John Bean Technologies Corporation stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $88.16, for a total transaction of $176,320.00. Following the transaction, the director now directly owns 48,592 shares of the company’s stock, valued at $4,283,870.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Steven R. Smith sold 10,000 shares of John Bean Technologies Corporation stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $86.78, for a total value of $867,800.00. Following the transaction, the executive vice president now directly owns 50,811 shares in the company, valued at $4,409,378.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,103 shares of company stock worth $1,314,919. 1.81% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. boosted its position in shares of John Bean Technologies Corporation by 67.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,152 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 466 shares during the period. Advisor Group Inc. boosted its position in shares of John Bean Technologies Corporation by 27.4% in the 2nd quarter. Advisor Group Inc. now owns 1,381 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 297 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of John Bean Technologies Corporation by 9.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 114 shares during the period. D.A. Davidson & CO. boosted its position in shares of John Bean Technologies Corporation by 1.2% in the 2nd quarter. D.A. Davidson & CO. now owns 1,574 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 19 shares during the period. Finally, US Bancorp DE boosted its position in shares of John Bean Technologies Corporation by 7.6% in the 2nd quarter. US Bancorp DE now owns 1,830 shares of the industrial products company’s stock valued at $180,000 after purchasing an additional 130 shares during the period. 99.25% of the stock is currently owned by hedge funds and other institutional investors.

John Bean Technologies Corporation (NYSE:JBT) opened at 111.15 on Friday. The firm has a 50-day moving average of $99.28 and a 200 day moving average of $92.30. The firm has a market capitalization of $3.51 billion, a PE ratio of 43.05 and a beta of 1.35. John Bean Technologies Corporation has a 52 week low of $74.83 and a 52 week high of $115.20.

John Bean Technologies Corporation (NYSE:JBT) last issued its earnings results on Monday, October 23rd. The industrial products company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04. John Bean Technologies Corporation had a return on equity of 27.72% and a net margin of 5.41%. The firm had revenue of $420.80 million for the quarter, compared to analyst estimates of $414.17 million. During the same period last year, the company earned $0.69 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. Analysts predict that John Bean Technologies Corporation will post $3.05 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://stocknewstimes.com/2017/11/11/john-bean-technologies-corporation-jbt-given-consensus-rating-of-buy-by-brokerages.html.

About John Bean Technologies Corporation

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 Corporation (NYSE:JBT)

Receive News & Ratings for John Bean Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply