Media headlines about JBT (NYSE:JBT) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. JBT earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.2706999571379 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Teachers protest proposal on quashing recruitments (timesofindia.indiatimes.com)
- Insider Buying: JBT Co. (JBT) Director Acquires 300 Shares of Stock (americanbankingnews.com)
- JBT Co. (JBT) to Issue $0.10 Quarterly Dividend (americanbankingnews.com)
- JBT Co. (JBT) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- JBT – John Bean Technologies Corporation: JBT Corporation Declares Quarterly Dividend (twst.com)
NYSE JBT opened at $87.65 on Friday. The stock has a market capitalization of $2.71 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. JBT has a twelve month low of $85.60 and a twelve month high of $87.05. The company has a quick ratio of 0.69, a current ratio of 1.25 and a debt-to-equity ratio of 0.97.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Thursday, May 24th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%. JBT’s payout ratio is 12.90%.
JBT has been the subject of several analyst reports. TheStreet cut JBT from a “b+” rating to a “c+” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised JBT from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Wednesday, May 2nd. BMO Capital Markets boosted their price objective on JBT to $125.00 and gave the company an “outperform” rating in a report on Monday, March 5th. Bank of America decreased their price objective on JBT from $104.00 to $84.00 and set an “underperform” rating for the company in a report on Friday, May 4th. Finally, Wells Fargo set a $125.00 price objective on JBT and gave the company a “buy” rating in a report on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $105.14.
In other JBT news, Director Polly B. Kawalek purchased 300 shares of JBT stock in a transaction that occurred on Monday, May 14th. The stock was bought at an average price of $86.44 per share, with a total value of $25,932.00. Following the acquisition, the director now owns 67,577 shares of the company’s stock, valued at approximately $5,841,355.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.24% of the company’s stock.
JBT Company Profile
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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