JBT Marel (NYSE:JBTM) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of JBT Marel (NYSE:JBTM) in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm issued a hold rating and a $142.00 price target on the stock.

Other research analysts have also recently issued reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of JBT Marel in a research note on Wednesday, September 2nd. KeyCorp initiated coverage on JBT Marel in a report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price target on the stock. Barclays began coverage on JBT Marel in a research report on Tuesday, September 8th. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, Robert W. Baird decreased their price objective on JBT Marel from $188.00 to $171.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $157.60.

JBT Marel Stock Performance

NYSE:JBTM opened at $126.61 on Wednesday. The company has a fifty day simple moving average of $112.16 and a two-hundred day simple moving average of $129.99. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 1.41 and a beta of 0.93. The company has a quick ratio of 0.74, a current ratio of 1.29 and a debt-to-equity ratio of 0.38. JBT Marel has a 52 week low of $102.97 and a 52 week high of $170.19.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.10. The business had revenue of $994.00 million for the quarter. JBT Marel had a return on equity of 9.00% and a net margin of 5.00%. As a group, equities analysts anticipate that JBT Marel will post 8.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JBT Marel

A number of large investors have recently modified their holdings of JBTM. BlackRock Inc. acquired a new stake in shares of JBT Marel in the 2nd quarter valued at $1,150,221,000. Bamco Inc. NY acquired a new position in shares of JBT Marel during the second quarter worth $95,781,000. William Blair Investment Management LLC acquired a new position in shares of JBT Marel during the second quarter worth $67,480,000. Bank of America Corp DE purchased a new position in JBT Marel in the second quarter valued at $61,185,000. Finally, Bank of New York Mellon Corp purchased a new position in JBT Marel in the second quarter valued at $51,597,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

JBT Marel Company Profile

JBT Marel Corporation provides equipment, automation, software and services for food and beverage processing. Its solutions help producers handle, prepare, process, package and transport products across the production chain. The company serves customers in sectors including meat, poultry, seafood, fruit and vegetables, prepared foods, and beverages. Its offerings include processing and packaging systems, filling and sterilization technologies, automated production lines, and aftermarket support.