John Bean Technologies Corporation (NYSE:JBT) has been given an average recommendation of “Hold” by the nine analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $99.33.

A number of research analysts have recently commented on the stock. BidaskClub cut shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research cut shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. J P Morgan Chase & Co assumed coverage on shares of John Bean Technologies Corporation in a report on Friday, June 2nd. They issued a “neutral” rating and a $88.00 price target on the stock. Finally, Bank of America Corporation assumed coverage on shares of John Bean Technologies Corporation in a report on Thursday, May 18th. They issued a “neutral” rating and a $89.00 price target on the stock.

Several hedge funds and other institutional investors have recently bought and sold shares of JBT. Glen Harbor Capital Management LLC boosted its position in shares of John Bean Technologies Corporation by 4.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,144 shares of the industrial products company’s stock valued at $101,000 after buying an additional 44 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of John Bean Technologies Corporation by 67.9% in 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of John Bean Technologies Corporation by 62.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,216 shares of the industrial products company’s stock valued at $107,000 after buying an additional 467 shares during the last quarter. Advisor Group Inc. boosted its position in shares of John Bean Technologies Corporation by 27.4% in 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 during the last quarter. Finally, Elkfork Partners LLC boosted its position in shares of John Bean Technologies Corporation by 4.0% in the first quarter. Elkfork Partners LLC now owns 1,456 shares of the industrial products company’s stock valued at $128,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 99.25% of the company’s stock.

Shares of John Bean Technologies Corporation (NYSE:JBT) opened at 90.45 on Friday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 35.03 and a beta of 1.32. John Bean Technologies Corporation has a one year low of $64.28 and a one year high of $99.20. The firm has a 50-day moving average of $92.92 and a 200-day moving average of $89.06.

John Bean Technologies Corporation (NYSE:JBT) last posted its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.07. The firm had revenue of $386.10 million for the quarter, compared to analysts’ expectations of $381.49 million. John Bean Technologies Corporation had a net margin of 5.32% and a return on equity of 29.18%. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. Equities research analysts forecast that John Bean Technologies Corporation will post $3.03 EPS for the current fiscal year.

The business also recently declared a dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This is a boost from John Bean Technologies Corporation’s previous dividend of $0.09. John Bean Technologies Corporation’s dividend payout ratio is presently 15.44%.

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John Bean Technologies Corporation 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 Corporation (NYSE:JBT)

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