John Bean Technologies Corp (NYSE:JBT) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $79.01 and last traded at $79.21, with a volume of 2759 shares trading hands. The stock had previously closed at $81.54.

JBT has been the topic of a number of recent research reports. ValuEngine upgraded shares of John Bean Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. Zacks Investment Research upgraded shares of John Bean Technologies from a “sell” rating to a “hold” rating and set a $123.00 price target on the stock in a research report on Saturday, July 28th. TheStreet upgraded shares of John Bean Technologies from a “c+” rating to an “a-” rating in a research report on Thursday, July 26th. BMO Capital Markets increased their price target on shares of John Bean Technologies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, July 31st. Finally, JPMorgan Chase & Co. cut shares of John Bean Technologies from a “neutral” rating to an “underweight” rating and set a $88.00 price target on the stock. in a research report on Friday, September 21st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. John Bean Technologies has an average rating of “Hold” and an average price target of $102.71.

The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.87 and a current ratio of 1.38. The stock has a market cap of $2.67 billion, a P/E ratio of 25.75, a P/E/G ratio of 1.33 and a beta of 1.26.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Wednesday, October 31st. The industrial products company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.05). The business had revenue of $481.90 million for the quarter, compared to the consensus estimate of $489.81 million. John Bean Technologies had a net margin of 4.32% and a return on equity of 28.31%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 earnings per share. Equities analysts expect that John Bean Technologies Corp will post 4.02 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its stake in shares of John Bean Technologies by 1.9% during the third quarter. Teachers Advisors LLC now owns 60,290 shares of the industrial products company’s stock valued at $7,193,000 after purchasing an additional 1,131 shares during the period. Equitable Trust Co. purchased a new stake in shares of John Bean Technologies during the third quarter valued at approximately $477,000. MetLife Investment Advisors LLC boosted its stake in shares of John Bean Technologies by 56.6% during the third quarter. MetLife Investment Advisors LLC now owns 21,743 shares of the industrial products company’s stock valued at $2,594,000 after purchasing an additional 7,861 shares during the period. Putnam Investments LLC boosted its stake in shares of John Bean Technologies by 8.9% during the third quarter. Putnam Investments LLC now owns 109,388 shares of the industrial products company’s stock valued at $13,050,000 after purchasing an additional 8,911 shares during the period. Finally, Man Group plc purchased a new stake in shares of John Bean Technologies during the third quarter valued at approximately $585,000.

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About John Bean Technologies (NYSE:JBT)

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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