Zacks Research Upgrades JBT Marel (NYSE:JBTM) to Strong-Buy

JBT Marel (NYSE:JBTM) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on JBTM. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a research note on Thursday, January 22nd. Jefferies Financial Group raised shares of JBT Marel from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $150.00 to $180.00 in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $174.50.

JBT Marel Price Performance

NYSE JBTM opened at $153.01 on Monday. JBT Marel has a 12 month low of $90.08 and a 12 month high of $170.19. The firm has a market capitalization of $7.95 billion, a PE ratio of -151.50, a P/E/G ratio of 1.64 and a beta of 0.97. The company’s 50 day simple moving average is $158.55 and its 200 day simple moving average is $146.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.58.

JBT Marel (NYSE:JBTM) last released its earnings results on Monday, February 23rd. The company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.06. JBT Marel had a positive return on equity of 7.68% and a negative net margin of 1.33%.The firm had revenue of $1.01 billion during the quarter. During the same quarter last year, the company earned $1.70 earnings per share. The business’s revenue for the quarter was up 115.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, equities research analysts forecast that JBT Marel will post 5.21 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Olafur S. Gudmundsson sold 10,000 shares of JBT Marel stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $150.09, for a total value of $1,500,900.00. Following the transaction, the director owned 9,980 shares of the company’s stock, valued at approximately $1,497,898.20. This trade represents a 50.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in shares of JBT Marel in the second quarter worth approximately $949,000. Keybank National Association OH purchased a new position in JBT Marel during the 2nd quarter worth approximately $417,000. Atria Investments Inc purchased a new position in JBT Marel during the 2nd quarter worth approximately $873,000. Amalgamated Bank acquired a new stake in JBT Marel during the 2nd quarter valued at $1,588,000. Finally, Bank of Montreal Can purchased a new stake in shares of JBT Marel in the second quarter valued at $6,084,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

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.