The stock of John Bean Technologies Corp (NYSE:JBT) hit a new 52-week high and has $102.41 target or 40.00% above today’s $73.15 share price. The 6 months bullish chart indicates low risk for the $2.18 billion company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $102.41 price target is reached, the company will be worth $872.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 192,407 shares traded hands or 44.99% up from the average. John Bean Technologies Corp (NYSE:JBT) has risen 34.13% since February 29, 2016 and is uptrending. It has outperformed by 21.91% the S&P500.
Analysts await John Bean Technologies Corp (NYSE:JBT) to report earnings on October, 25. They expect $0.53 earnings per share, up 23.26% or $0.10 from last year’s $0.43 per share. JBT’s profit will be $15.79M for 34.50 P/E if the $0.53 EPS becomes a reality. After $0.67 actual earnings per share reported by John Bean Technologies Corp for the previous quarter, Wall Street now forecasts -20.90% negative EPS growth.
John Bean Technologies Corp (NYSE:JBT) Ratings Coverage
Out of 2 analysts covering John Bean Technologies Corporation (NYSE:JBT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. John Bean Technologies Corporation has been the topic of 2 analyst reports since April 19, 2016 according to StockzIntelligence Inc. William Blair initiated the shares of JBT in a report on Tuesday, April 19 with “Outperform” rating. BB&T Capital initiated John Bean Technologies Corp (NYSE:JBT) on Friday, June 17 with “Buy” rating.
According to Zacks Investment Research, “JOHN BEAN TECHNOLOGIES CORPORATION is a leading global solutions provider to the food processing and air transportation industries. The Company designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segments.”
Insitutional Activity: The institutional sentiment increased to 1.37 in Q2 2016. Its up 0.40, from 0.97 in 2016Q1. The ratio increased, as 17 funds sold all John Bean Technologies Corp shares owned while 64 reduced positions. 37 funds bought stakes while 74 increased positions. They now own 28.58 million shares or 3.13% less from 29.50 million shares in 2016Q1.
Castleark Mngmt Limited Company holds 0.28% of its portfolio in John Bean Technologies Corp (NYSE:JBT) for 143,158 shares. Pnc Fincl Ser Group reported 59,871 shares or 0% of all its holdings. Confluence Invest Mgmt Limited Liability Corporation has 0.07% invested in the company for 40,726 shares. Pinebridge Invs L P last reported 0.01% of its portfolio in the stock. Forward Mgmt Limited Liability Corporation owns 23,111 shares or 0.12% of their US portfolio. Oak Ridge Ltd Llc, a Illinois-based fund reported 18,673 shares. Moreover, Creative Planning has 0% invested in John Bean Technologies Corp (NYSE:JBT) for 23 shares. California State Teachers Retirement System last reported 61,193 shares in the company. Moreover, Texas Permanent School Fund has 0.02% invested in John Bean Technologies Corp (NYSE:JBT) for 22,339 shares. Deutsche Bank & Trust Ag owns 100,046 shares or 0% of their US portfolio. Wasatch Advsrs owns 33,000 shares or 0.03% of their US portfolio. Keeley Asset Management last reported 1.95% of its portfolio in the stock. Walleye Trading Lc owns 500 shares or 0% of their US portfolio. Sector Pension Inv Board owns 20,595 shares or 0.01% of their US portfolio. The Pennsylvania-based Federated Investors Inc Pa has invested 0% in John Bean Technologies Corp (NYSE:JBT).
Insider Transactions: Since August 2, 2016, the stock had 0 buys, and 1 insider sale for $199,500 net activity. On Tuesday, August 2 Smith Steven R sold $199,500 worth of the stock or 3,000 shares.
More news for John Bean Technologies Corp (NYSE:JBT) were recently published by: Quotes.Wsj.com, which released: “News John Bean Technologies Corp.JBT” on February 11, 2011. Prnewswire.com‘s article titled: “JBT Corporation Declares Quarterly Dividend” and published on August 23, 2016 is yet another important article.
JBT Company Profile
John Bean Technologies Corporation (JBT), incorporated on May 12, 1994, is a technology solutions well-known provider to the divisions of the food processing and air transportation industries. The Firm designs, makes, tests and services technological systems and products. The Firm operates through two divisions: JBT FoodTech and JBT AeroTech. JBT FoodTech markets its solutions and services to multinational and regional industrial food and beverage companies. The product offerings of its FoodTech businesses include Protein, Liquid Foods and Automated Systems. JBT AeroTech markets its solutions and services to domestic and international airport authorities, passenger airlines, airfreight and ground handling companies, military forces and defense contractors. The product offerings of its AeroTech businesses include Mobile Equipment, Fixed Equipment and Airport Services.
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