The stock of John Bean Technologies Corp (NYSE:JBT) hit a new 52-week high and has $124.91 target or 43.00% above today’s $87.35 share price. The 7 months bullish chart indicates low risk for the $2.61B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $124.91 price target is reached, the company will be worth $1.12 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 55,683 shares traded hands. John Bean Technologies Corp (NYSE:JBT) has risen 44.68% since April 19, 2016 and is uptrending. It has outperformed by 40.82% the S&P500.
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. BB&T Capital initiated John Bean Technologies Corp (NYSE:JBT) on Friday, June 17 with “Buy” rating. As per Tuesday, April 19, the company rating was initiated 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 decreased to 0.8 in 2016 Q2. Its down 0.57, from 1.37 in 2016Q1. The ratio worsened, 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.
Virginia Retirement Et Al, a Virginia-based fund reported 3,700 shares. Thrivent Financial For Lutherans holds 14,210 shares or 0% of its portfolio. Cramer Rosenthal Mcglynn Limited Liability Company last reported 199,408 shares in the company. Blackrock Investment Limited Com last reported 121,073 shares in the company. Blackrock Fund Advsr has invested 0.02% of its portfolio in John Bean Technologies Corp (NYSE:JBT). Credit Suisse Ag holds 0% or 53,052 shares in its portfolio. Coe Cap Mgmt Llc holds 0% of its portfolio in John Bean Technologies Corp (NYSE:JBT) for 15,000 shares. Bokf Na last reported 625 shares in the company. The Ontario – Canada-based Bank & Trust Of Montreal Can has invested 0% in John Bean Technologies Corp (NYSE:JBT). Huntington National Bank last reported 2,000 shares in the company. Tudor Invest Et Al, a Connecticut-based fund reported 35,200 shares. Loomis Sayles And Company L P has 0.12% invested in the company for 704,963 shares. Cubist Systematic Strategies Limited Company holds 0.01% or 3,786 shares in its portfolio. Symphony Asset Mgmt Limited Liability, a California-based fund reported 15,980 shares. Moreover, Aperio Gru Ltd Co has 0.01% invested in John Bean Technologies Corp (NYSE:JBT) for 10,750 shares.
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 3 sales for $785,688 net activity. On Monday, November 7 the insider Montague Mark K sold $197,180. Smith Steven R also sold $199,500 worth of John Bean Technologies Corp (NYSE:JBT) shares.
More news for John Bean Technologies Corp (NYSE:JBT) were recently published by: Marketwatch.com, which released: “John Bean Technologies Corp.” on April 25, 2011. Quotes.Wsj.com‘s article titled: “News John Bean Technologies Corp.JBT” and published on February 11, 2011 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.