Price Don’t Lie: John Bean Technologies Corp Can’t Be More Hot. Just Reaches All Time High

Price Don't Lie: John Bean Technologies Corp Can't Be More Hot. Just Reaches All Time High

The stock of John Bean Technologies Corp (NYSE:JBT) reached all time high today, Nov, 29 and still has $99.08 target or 7.00% above today’s $92.60 share price. This indicates more upside for the $2.68B company. This technical setup was reported by Barchart.com. If the $99.08 PT is reached, the company will be worth $187.60M 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 176,000 shares traded hands. John Bean Technologies Corp (NYSE:JBT) has risen 63.08% since April 26, 2016 and is uptrending. It has outperformed by 57.82% the S&P500.

Analysts await John Bean Technologies Corp (NYSE:JBT) to report earnings on February, 28. They expect $0.67 earnings per share, down 4.29% or $0.03 from last year’s $0.7 per share. JBT’s profit will be $19.39M for 34.55 P/E if the $0.67 EPS becomes a reality. After $0.68 actual earnings per share reported by John Bean Technologies Corp for the previous quarter, Wall Street now forecasts -1.47% 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 with “Outperform” on Tuesday, April 19. The rating was initiated by BB&T Capital on Friday, June 17 with “Buy”.

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 fall, 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.
King Luther Capital Management accumulated 68,525 shares or 0.04% of the stock. Rhumbline Advisers accumulated 40,100 shares or 0.01% of the stock. Arizona State Retirement System accumulated 15,133 shares or 0.01% of the stock. Dearborn last reported 5,275 shares in the company. Moreover, Peak6 Invs L P has 0% invested in John Bean Technologies Corp (NYSE:JBT) for 628 shares. Louisiana State Employees Retirement Systems, a Louisiana-based fund reported 12,900 shares. Hennessy Advsrs, a California-based fund reported 85,200 shares. Mesirow Fincl Inv Mgmt last reported 1.29% of its portfolio in the stock. Aqr Cap Management Limited Liability Corporation holds 0% or 41,029 shares in its portfolio. Proshare Advsr Ltd Llc, a Maryland-based fund reported 4,218 shares. Credit Suisse Ag holds 0% or 53,052 shares in its portfolio. Sg Cap Management Limited Liability Com has 192,297 shares for 2.89% of their US portfolio. Cortina Asset Mngmt Ltd Llc, a Wisconsin-based fund reported 341,738 shares. Sector Pension Inv Board has 0.01% invested in the company for 20,595 shares. Comerica Bancorporation owns 29,197 shares or 0.02% of their US portfolio.

Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 3 selling transactions for $785,688 net activity. 2,500 John Bean Technologies Corp (NYSE:JBT) shares with value of $197,180 were sold by Montague Mark K. On Tuesday, August 2 the insider Smith Steven R sold $199,500.

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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