JBT Marel (NYSE:JBTM) Upgraded by Barclays to Strong-Buy Rating

JBT Marel (NYSE:JBTM) was upgraded by Barclays to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks reports.

Several other brokerages also recently commented on JBTM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of JBT Marel in a research report on Wednesday, September 2nd. Wall Street Zen downgraded JBT Marel from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research note on Thursday, May 21st. Oppenheimer began coverage on shares of JBT Marel in a report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price target on the stock. Finally, KeyCorp began coverage on shares of JBT Marel in a report on Tuesday, August 25th. They issued an “overweight” rating and a $150.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.80.

JBT Marel Stock Down 1.6%

Shares of NYSE:JBTM opened at $115.89 on Tuesday. The firm has a market capitalization of $6.01 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92. The business has a 50 day simple moving average of $128.71 and a two-hundred day simple moving average of $132.07. JBT Marel has a 1 year low of $113.23 and a 1 year high of $170.19. 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 (NYSE:JBTM) last issued its quarterly 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 business had revenue of $981.00 million during the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, equities analysts predict that JBT Marel will post 8.04 EPS for the current year.

Institutional Investors Weigh In On JBT Marel

Hedge funds have recently made changes to their positions in the company. Walleye Capital LLC purchased a new position in JBT Marel during the 2nd quarter valued at about $3,953,000. Bank of America Corp DE lifted its position in shares of JBT Marel by 2.3% in the 1st quarter. Bank of America Corp DE now owns 466,741 shares of the company’s stock worth $59,682,000 after purchasing an additional 10,714 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of JBT Marel by 9,103.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,376 shares of the company’s stock worth $3,522,000 after purchasing an additional 23,122 shares during the period. Bessemer Group Inc. boosted its stake in shares of JBT Marel by 127.3% during the fourth quarter. Bessemer Group Inc. now owns 386,767 shares of the company’s stock valued at $58,275,000 after purchasing an additional 216,602 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of JBT Marel by 4.4% during the fourth quarter. Royce & Associates LP now owns 668,588 shares of the company’s stock valued at $100,736,000 after purchasing an additional 28,335 shares in the last quarter. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

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.