The stock of John Bean Technologies Corp (NYSE:JBT) hit a new 52-week high and has $124.25 target or 67.00% above today’s $74.40 share price. The 6 months bullish chart indicates low risk for the $2.19 billion company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $124.25 price target is reached, the company will be worth $1.47 billion 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 63,310 shares traded hands. John Bean Technologies Corp (NYSE:JBT) has risen 29.90% since March 14, 2016 and is uptrending. It has outperformed by 24.29% the S&P500.
Analysts await John Bean Technologies Corp (NYSE:JBT) to report earnings on October, 25. They expect $0.53 EPS, up 23.26% or $0.10 from last year’s $0.43 per share. JBT’s profit will be $15.60 million for 35.09 P/E if the $0.53 EPS becomes a reality. After $0.67 actual EPS 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 rating was initiated by William Blair on Tuesday, April 19 with “Outperform”. As per Friday, June 17, the company rating was initiated by BB&T Capital.
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 is positive, 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.
Moreover, Royal Bank Of Canada has 0% invested in John Bean Technologies Corp (NYSE:JBT) for 754 shares. The New York-based Pinebridge Invests L P has invested 0.01% in John Bean Technologies Corp (NYSE:JBT). Allianz Asset Mgmt Ag last reported 318,040 shares in the company. State Street Corp, a Massachusetts-based fund reported 576,554 shares. Confluence Invest Management Limited Liability Company last reported 40,726 shares in the company. Creative Planning owns 23 shares or 0% of their US portfolio. Moreover, Invesco Ltd has 0% invested in John Bean Technologies Corp (NYSE:JBT) for 46,279 shares. Capital Fund Mgmt has 3,400 shares for 0% of their US portfolio. Capstone Asset Management, a Texas-based fund reported 11,045 shares. Deutsche Natl Bank Ag holds 100,046 shares or 0% of its portfolio. Fdx Advsrs reported 6,169 shares or 0.02% of all its holdings. Us Commercial Bank De holds 1,315 shares or 0% of its portfolio. Mufg Americas Hldg, a New York-based fund reported 285 shares. Grp One Trading Limited Partnership last reported 0% of its portfolio in the stock. Renaissance Ltd Liability Com holds 0.01% or 63,500 shares in its portfolio.
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 1 sale for $199,500 net activity. 3,000 shares were sold by Smith Steven R, worth $199,500.
More news for John Bean Technologies Corp (NYSE:JBT) were recently published by: Twst.com, which released: “JBT – John Bean Technologies Corporation: JBT Corporation Completes …” on October 17, 2016. Prnewswire.com‘s article titled: “JBT Corporation Announces Third Quarter 2016 Earnings Release and Conference …” and published on October 06, 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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