Brokerages Set JBT Marel Corporation (NYSE:JBTM) Price Target at $168.50

JBT Marel Corporation (NYSE:JBTM) has received an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $168.50.

Several research firms have recently commented on JBTM. KeyCorp started coverage on shares of JBT Marel in a research report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price target for the company. Weiss Ratings downgraded shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research note on Thursday, May 21st. Oppenheimer started coverage on shares of JBT Marel in a research report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 target price for the company. Finally, Wall Street Zen lowered shares of JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st.

JBT Marel Trading Down 0.9%

NYSE:JBTM opened at $117.17 on Thursday. The firm has a market capitalization of $6.08 billion, a P/E ratio of 31.93, a P/E/G ratio of 1.31 and a beta of 0.94. The business has a 50 day simple moving average of $131.25 and a 200 day simple moving average of $134.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.24 and a quick ratio of 0.70. JBT Marel has a 12-month low of $113.23 and a 12-month high of $170.19.

JBT Marel (NYSE:JBTM) last issued its earnings results on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.07). JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.The company had revenue of $981.00 million during the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Equities research analysts predict that JBT Marel will post 8.04 EPS for the current year.

JBT Marel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 17th. JBT Marel’s dividend payout ratio is 10.90%.

Institutional Trading of JBT Marel

Several hedge funds have recently added to or reduced their stakes in JBTM. California State Teachers Retirement System boosted its position in JBT Marel by 14,258.6% during the 2nd quarter. California State Teachers Retirement System now owns 8,729,145 shares of the company’s stock worth $1,265,726,000 after acquiring an additional 8,668,351 shares during the period. BlackRock Inc. acquired a new position in shares of JBT Marel during the second quarter valued at $1,150,221,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of JBT Marel by 3.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,863,321 shares of the company’s stock valued at $280,747,000 after purchasing an additional 66,940 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of JBT Marel by 19.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,458,953 shares of the company’s stock valued at $219,821,000 after purchasing an additional 233,914 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in JBT Marel by 53.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,317,389 shares of the company’s stock worth $198,492,000 after purchasing an additional 458,980 shares during the period. Institutional investors own 98.92% of the company’s stock.

About JBT Marel

JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.