John Bean Technologies Corporation (NYSE:JBT) has been given a $101.00 target price by stock analysts at Robert W. Baird in a research report issued to clients and investors on Thursday. The firm presently has a “buy” rating on the industrial products company’s stock. Robert W. Baird’s price objective points to a potential upside of 15.83% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. BidaskClub upgraded John Bean Technologies Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded John Bean Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Bank of America Corporation started coverage on John Bean Technologies Corporation in a research report on Thursday, May 18th. They issued a “neutral” rating and a $89.00 price objective on the stock. Finally, J P Morgan Chase & Co started coverage on John Bean Technologies Corporation in a research report on Friday, June 2nd. They issued a “neutral” rating and a $88.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $99.86.

John Bean Technologies Corporation (NYSE JBT) opened at 87.20 on Thursday. John Bean Technologies Corporation has a 52 week low of $64.28 and a 52 week high of $99.20. The stock has a 50 day moving average of $90.97 and a 200 day moving average of $89.15. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 33.77 and a beta of 1.32.

John Bean Technologies Corporation (NYSE:JBT) last issued its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.07. The firm had revenue of $386.10 million for the quarter, compared to analyst estimates of $381.49 million. John Bean Technologies Corporation had a return on equity of 29.18% and a net margin of 5.32%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $0.67 EPS. Equities research analysts predict that John Bean Technologies Corporation will post $3.03 earnings per share for the current fiscal year.

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In related news, VP Megan J. Rattigan sold 3,103 shares of John Bean Technologies Corporation stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $87.27, for a total transaction of $270,798.81. Following the sale, the vice president now directly owns 26,091 shares in the company, valued at $2,276,961.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Caroline Maury Devine sold 2,000 shares of John Bean Technologies Corporation stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $88.16, for a total value of $176,320.00. Following the sale, the director now owns 48,592 shares in the company, valued at $4,283,870.72. The disclosure for this sale can be found here. Insiders own 1.81% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in John Bean Technologies Corporation by 30,340.7% in the first quarter. BlackRock Inc. now owns 3,715,900 shares of the industrial products company’s stock valued at $326,813,000 after buying an additional 3,703,693 shares in the last quarter. Eagle Asset Management Inc. raised its stake in John Bean Technologies Corporation by 890.7% in the first quarter. Eagle Asset Management Inc. now owns 560,533 shares of the industrial products company’s stock valued at $49,298,000 after buying an additional 503,951 shares in the last quarter. JPMorgan Chase & Co. raised its stake in John Bean Technologies Corporation by 103.3% in the first quarter. JPMorgan Chase & Co. now owns 986,827 shares of the industrial products company’s stock valued at $86,792,000 after buying an additional 501,526 shares in the last quarter. Vanguard Group Inc. raised its stake in John Bean Technologies Corporation by 16.5% in the first quarter. Vanguard Group Inc. now owns 2,757,581 shares of the industrial products company’s stock valued at $242,529,000 after buying an additional 390,070 shares in the last quarter. Finally, GW&K Investment Management LLC purchased a new stake in John Bean Technologies Corporation during the second quarter valued at $25,024,000. Institutional investors own 99.52% of the company’s stock.

About John Bean Technologies Corporation

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 Corporation (NYSE:JBT)

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