Wells Fargo & Co Analysts Give John Bean Technologies (JBT) a $125.00 Price Target

Wells Fargo & Co set a $125.00 target price on John Bean Technologies (NYSE:JBT) in a research report sent to investors on Thursday. The firm currently has a buy rating on the industrial products company’s stock.

A number of other equities research analysts also recently issued reports on JBT. Robert W. Baird boosted their target price on shares of John Bean Technologies from $107.00 to $115.00 and gave the company an outperform rating in a report on Wednesday, October 25th. 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. 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 investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. John Bean Technologies currently has a consensus rating of Hold and a consensus target price of $107.50.

John Bean Technologies (NYSE JBT) traded up $2.05 during trading on Thursday, reaching $115.75. 106,312 shares of the company were exchanged, compared to its average volume of 148,120. John Bean Technologies has a 52-week low of $80.70 and a 52-week high of $120.55. The stock has a market capitalization of $3,650.00, a P/E ratio of 41.94, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35. The company has a current ratio of 1.28, a quick ratio of 0.82 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. John Bean Technologies had a net margin of 5.41% and a return on equity of 25.51%. The firm had revenue of $420.80 million during the quarter, compared to the consensus estimate of $414.17 million. During the same period in the previous year, the firm earned $0.69 earnings per share. John Bean Technologies’s revenue was up 20.4% compared to the same quarter last year. analysts anticipate that John Bean Technologies will post 3.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. John Bean Technologies’s dividend payout ratio (DPR) is 14.49%.

A number of hedge funds have recently made changes to their positions in JBT. Oppenheimer Asset Management Inc. lifted its position in 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 in the last quarter. Advisor Group Inc. lifted its position in 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in 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 in the last quarter. D.A. Davidson & CO. lifted its position in 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 in the last quarter. Finally, Riverhead Capital Management LLC lifted its position in 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 in the last quarter.

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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.

Analyst Recommendations for John Bean Technologies (NYSE:JBT)

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