John Bean Technologies (NYSE:JBT) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Monday.
Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of John Bean Technologies from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research note on Wednesday, May 2nd. Wells Fargo & Co set a $115.00 price objective on shares of John Bean Technologies and gave the stock a “buy” rating in a research note on Thursday, May 3rd. TheStreet lowered shares of John Bean Technologies from a “b+” rating to a “c+” rating in a research note on Wednesday, May 2nd. Robert W. Baird lowered shares of John Bean Technologies from an “outperform” rating to a “neutral” rating and set a $119.00 price objective on the stock. in a research note on Monday, April 23rd. Finally, Seaport Global Securities lowered shares of John Bean Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $125.00 to $94.00 in a research note on Thursday, May 3rd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $108.00.
Shares of JBT stock opened at $90.25 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.69 and a debt-to-equity ratio of 0.97. John Bean Technologies has a 1 year low of $84.81 and a 1 year high of $122.65. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19.
John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Tuesday, May 1st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). John Bean Technologies had a net margin of 3.78% and a return on equity of 21.73%. The business had revenue of $409.20 million during the quarter, compared to analyst estimates of $373.20 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The firm’s quarterly revenue was up 18.8% on a year-over-year basis. research analysts expect that John Bean Technologies will post 4 EPS for the current year.
In related news, Director Polly B. Kawalek bought 300 shares of John Bean Technologies stock in a transaction that occurred on Monday, May 14th. The stock was acquired 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian A. Deck bought 1,000 shares of John Bean Technologies stock in a transaction that occurred on Thursday, May 31st. The shares were bought at an average cost of $87.92 per share, with a total value of $87,920.00. Following the acquisition, the vice president now directly owns 49,973 shares in the company, valued at approximately $4,393,626.16. The disclosure for this purchase can be found here. 2.24% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in JBT. UBS Asset Management Americas Inc. boosted its holdings in shares of John Bean Technologies by 3.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 19,940 shares of the industrial products company’s stock worth $2,209,000 after buying an additional 699 shares during the period. Virtu Financial LLC bought a new stake in shares of John Bean Technologies during the 4th quarter worth about $264,000. WINTON GROUP Ltd bought a new stake in shares of John Bean Technologies during the 4th quarter worth about $5,975,000. Alliancebernstein L.P. boosted its holdings in shares of John Bean Technologies by 3.2% during the 4th quarter. Alliancebernstein L.P. now owns 365,062 shares of the industrial products company’s stock worth $40,449,000 after buying an additional 11,338 shares during the period. Finally, Koch Industries Inc. bought a new stake in shares of John Bean Technologies during the 4th quarter worth about $690,000.
John Bean Technologies 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for John Bean Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies and related companies with MarketBeat.com's FREE daily email newsletter.