The stock of John Bean Technologies Corp (NYSE:JBT) reached all time high today, Oct, 17 and still has $100.10 target or 34.00% above today’s $74.70 share price. This indicates more upside for the $2.20 billion company. This technical setup was reported by Barchart.com. If the $100.10 PT is reached, the company will be worth $748.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 83,811 shares traded hands. John Bean Technologies Corp (NYSE:JBT) has risen 29.90% since March 14, 2016 and is uptrending. It has outperformed by 24.29% the S&P500.
Analysts await John Bean Technologies Corp (NYSE:JBT) to report earnings on October, 25. They expect $0.53 earnings per share, up 23.26% or $0.10 from last year’s $0.43 per share. JBT’s profit will be $15.61M for 35.24 P/E if the $0.53 EPS becomes a reality. After $0.67 actual earnings per share reported by John Bean Technologies Corp for the previous quarter, Wall Street now forecasts -20.90% negative EPS growth.
John Bean Technologies Corp (NYSE:JBT) Ratings Coverage
Out of 2 analysts covering John Bean Technologies Corporation (NYSE:JBT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. John Bean Technologies Corporation has been the topic of 2 analyst reports since April 19, 2016 according to StockzIntelligence Inc. On Tuesday, April 19 the stock rating was initiated by William Blair with “Outperform”. BB&T Capital initiated it with “Buy” rating and $75 target price in Friday, June 17 report.
According to Zacks Investment Research, “JOHN BEAN TECHNOLOGIES CORPORATION is a leading global solutions provider to the food processing and air transportation industries. The Company designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segments.”
Insitutional Activity: The institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.40, from 0.97 in 2016Q1. The ratio increased, as 17 funds sold all John Bean Technologies Corp shares owned while 64 reduced positions. 37 funds bought stakes while 74 increased positions. They now own 28.58 million shares or 3.13% less from 29.50 million shares in 2016Q1.
Peak6 Invests L P accumulated 628 shares or 0% of the stock. The Belgium-based Kbc Grp Inc Nv has invested 0% in John Bean Technologies Corp (NYSE:JBT). Da Davidson has 3,473 shares for 0.01% of their US portfolio. The Ontario – Canada-based Manufacturers Life Ins The has invested 0% in John Bean Technologies Corp (NYSE:JBT). Virginia Retirement System Et Al holds 3,700 shares or 0% of its portfolio. Creative Planning has 0% invested in the company for 23 shares. Moreover, California Public Employees Retirement Sys has 0.01% invested in John Bean Technologies Corp (NYSE:JBT) for 93,600 shares. Bremer Tru National Association accumulated 0.09% or 5,239 shares. Bartlett & Llc holds 0% or 682 shares in its portfolio. Credit Suisse Ag last reported 53,052 shares in the company. Citigroup has 16,577 shares for 0% of their US portfolio. Intl Gp Incorporated holds 21,696 shares or 0% of its portfolio. New York State Common Retirement Fund last reported 204,572 shares in the company. Geode Capital Management Limited Liability, a Massachusetts-based fund reported 195,168 shares. The Germany-based Allianz Asset Mgmt Ag has invested 0.01% in John Bean Technologies Corp (NYSE:JBT).
Insider Transactions: Since August 2, 2016, the stock had 0 insider purchases, and 1 sale for $199,500 net activity. Smith Steven R sold $199,500 worth of stock.
Another recent and important John Bean Technologies Corp (NYSE:JBT) news was published by Prnewswire.com which published an article titled: “JBT Corporation Announces Third Quarter 2016 Earnings Release and Conference …” on October 06, 2016.
JBT Company Profile
John Bean Technologies Corporation (JBT), incorporated on May 12, 1994, is a technology solutions well-known provider to the divisions of the food processing and air transportation industries. The Firm designs, makes, tests and services technological systems and products. The Firm operates through two divisions: JBT FoodTech and JBT AeroTech. JBT FoodTech markets its solutions and services to multinational and regional industrial food and beverage companies. The product offerings of its FoodTech businesses include Protein, Liquid Foods and Automated Systems. JBT AeroTech markets its solutions and services to domestic and international airport authorities, passenger airlines, airfreight and ground handling companies, military forces and defense contractors. The product offerings of its AeroTech businesses include Mobile Equipment, Fixed Equipment and Airport Services.
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