The stock of John Bean Technologies Corp (NYSE:JBT) reached all time high today, Oct, 3 and still has $102.27 target or 42.00% above today’s $72.02 share price. This indicates more upside for the $2.15B company. This technical setup was reported by Barchart.com. If the $102.27 PT is reached, the company will be worth $903.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 41,442 shares traded hands. 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 $15.82M for 33.97 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 stock with “Outperform” rating in Tuesday, April 19 report. The stock has “Buy” rating given by BB&T Capital on Friday, June 17.
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 improved, 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.
Analytic Investors Ltd Llc holds 0.02% or 30,797 shares in its portfolio. Proshare Advsr Limited Liability reported 4,218 shares or 0% of all its holdings. The New York-based Pinebridge Invests Lp has invested 0.01% in John Bean Technologies Corp (NYSE:JBT). Cortina Asset Mngmt Limited Liability Company accumulated 0.95% or 341,738 shares. Confluence Mngmt Lc has invested 0.07% of its portfolio in John Bean Technologies Corp (NYSE:JBT). State Of Tennessee Treasury Department last reported 23,248 shares in the company. First L P has invested 0.01% of its portfolio in John Bean Technologies Corp (NYSE:JBT). Moreover, Da Davidson And Co has 0.01% invested in John Bean Technologies Corp (NYSE:JBT) for 3,473 shares. Bartlett & Commerce Ltd Com, a Ohio-based fund reported 682 shares. Teton Advsrs Incorporated accumulated 0.54% or 97,649 shares. Employees Retirement Association Of Colorado owns 8,561 shares or 0% of their US portfolio. The Belgium-based Kbc Group Nv has invested 0% in John Bean Technologies Corp (NYSE:JBT). Aperio Grp Ltd last reported 10,750 shares in the company. Cramer Rosenthal Mcglynn Ltd Liability accumulated 0.2% or 199,408 shares. King Luther Cap Corp holds 68,525 shares or 0.04% of its portfolio.
Insider Transactions: Since August 2, 2016, the stock had 0 insider purchases, and 1 insider sale for $199,500 net activity. $199,500 worth of John Bean Technologies Corp (NYSE:JBT) shares were sold by Smith Steven R.
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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