The stock of John Bean Technologies Corp (NYSE:JBT) reached all time high today, Oct, 13 and still has $115.34 target or 61.00% above today’s $71.64 share price. This indicates more upside for the $2.10B company. This technical setup was reported by Barchart.com. If the $115.34 PT is reached, the company will be worth $1.28B 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 55,961 shares traded hands. John Bean Technologies Corp (NYSE:JBT) has risen 34.66% since March 10, 2016 and is uptrending. It has outperformed by 27.14% 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 $15.54M for 33.79 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. The company was initiated on Friday, June 17 by BB&T Capital. The firm earned “Outperform” rating on Tuesday, April 19 by William Blair.
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.
Renaissance Technology Limited Liability Corp accumulated 0.01% or 63,500 shares. Cap Fund Mngmt, a France-based fund reported 3,400 shares. Axiom Invsts Lc De has 0.12% invested in the company for 67,572 shares. Moreover, Allianz Asset Ag has 0.01% invested in John Bean Technologies Corp (NYSE:JBT) for 318,040 shares. Cramer Rosenthal Mcglynn Ltd owns 199,408 shares or 0.2% of their US portfolio. Champlain Investment Partners Ltd Liability, a Us-based fund reported 545,580 shares. Whittier Trust Co owns 1,000 shares or 0% of their US portfolio. Principal Group Inc last reported 0.02% of its portfolio in the stock. Systematic Fincl Mngmt Ltd Partnership accumulated 0% or 5,765 shares. Wellington Group Ltd Liability Partnership holds 0.02% or 1.12 million shares in its portfolio. Moreover, Creative Planning has 0% invested in John Bean Technologies Corp (NYSE:JBT) for 23 shares. The New York-based Alliancebernstein L P has invested 0% in John Bean Technologies Corp (NYSE:JBT). State Board Of Administration Of Florida Retirement System holds 0% of its portfolio in John Bean Technologies Corp (NYSE:JBT) for 19,869 shares. Thrivent Fincl For Lutherans has invested 0% of its portfolio in John Bean Technologies Corp (NYSE:JBT). The Oregon-based Tygh Management has invested 0.83% 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. $199,500 worth of John Bean Technologies Corp (NYSE:JBT) was sold by Smith Steven R on Tuesday, August 2.
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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