Wells Fargo & Co set a $125.00 price target on John Bean Technologies (NYSE:JBT) in a research note issued to investors on Thursday. The brokerage currently has a buy rating on the industrial products company’s stock.

JBT has been the topic of several other reports. Zacks Investment Research raised John Bean Technologies from a hold rating to a buy rating and set a $124.00 target price on the stock in a report on Thursday, October 26th. Robert W. Baird upped their price objective on John Bean Technologies from $107.00 to $115.00 and gave the stock an outperform rating in a research report on Wednesday, October 25th. Finally, Bank of America downgraded John Bean Technologies from a neutral rating to an underperform rating in a research report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $107.50.

John Bean Technologies (NYSE JBT) traded up $2.05 on Thursday, hitting $115.75. The stock had a trading volume of 106,312 shares, compared to its average volume of 101,011. The firm has a market cap of $3,654.00, a price-to-earnings ratio of 42.87, a P/E/G ratio of 2.14 and a beta of 1.36. John Bean Technologies has a 12 month low of $80.70 and a 12 month high of $120.55. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.91.

John Bean Technologies (NYSE:JBT) last released its earnings results on Monday, October 23rd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.04. The company had revenue of $420.80 million for the quarter, compared to analyst estimates of $414.17 million. John Bean Technologies had a return on equity of 25.42% and a net margin of 6.27%. John Bean Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 EPS. equities analysts anticipate that John Bean Technologies will post 3.07 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. John Bean Technologies’s dividend payout ratio is currently 14.81%.

Hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its position in shares of John Bean Technologies by 7.2% during the 2nd quarter. State Street Corp now owns 776,821 shares of the industrial products company’s stock worth $76,130,000 after buying an additional 51,939 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of John Bean Technologies by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,014 shares of the industrial products company’s stock worth $2,354,000 after buying an additional 1,736 shares during the last quarter. American Century Companies Inc. lifted its position in shares of John Bean Technologies by 13.6% during the 3rd quarter. American Century Companies Inc. now owns 589,764 shares of the industrial products company’s stock worth $59,625,000 after buying an additional 70,721 shares during the last quarter. Bamco Inc. NY lifted its position in shares of John Bean Technologies by 93.3% during the 3rd quarter. Bamco Inc. NY now owns 773,300 shares of the industrial products company’s stock worth $78,181,000 after buying an additional 373,300 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of John Bean Technologies by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,044,366 shares of the industrial products company’s stock worth $104,646,000 after buying an additional 3,564 shares during the last quarter.

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About John Bean Technologies

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.

Analyst Recommendations for John Bean Technologies (NYSE:JBT)

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