Barclays Upgrades JBT Marel (NYSE:JBTM) to “Strong-Buy”

JBT Marel (NYSE:JBTM) was upgraded by equities research analysts at Barclays to a “strong-buy” rating in a report released on Tuesday, Zacks reports.

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

JBT Marel Stock Performance

JBTM stock opened at $115.89 on Tuesday. JBT Marel has a one year low of $113.23 and a one year high of $170.19. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.30 and a beta of 0.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.24. The firm has a 50-day simple moving average of $128.71 and a two-hundred day simple moving average of $132.07.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). The firm had revenue of $981.00 million during the quarter. JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, equities analysts forecast that JBT Marel will post 8.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Walleye Capital LLC acquired a new stake in shares of JBT Marel during the second quarter worth $3,953,000. Bank of America Corp DE lifted its position in JBT Marel by 2.3% during the 1st quarter. Bank of America Corp DE now owns 466,741 shares of the company’s stock worth $59,682,000 after acquiring an additional 10,714 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in JBT Marel by 9,103.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,376 shares of the company’s stock valued at $3,522,000 after purchasing an additional 23,122 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of JBT Marel by 127.3% in 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 during the period. Finally, Royce & Associates LP increased its holdings in shares of JBT Marel by 4.4% in 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 during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

JBT Marel Company Profile

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.