The stock of John Bean Technologies Corp (NYSE:JBT) reached all time high today, Nov, 8 and still has $122.39 target or 51.00% above today’s $81.05 share price. This indicates more upside for the $2.41B company. This technical setup was reported by Barchart.com. If the $122.39 PT is reached, the company will be worth $1.23B 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 13,686 shares traded hands. John Bean Technologies Corp (NYSE:JBT) has risen 41.35% since April 5, 2016 and is uptrending. It has outperformed by 39.40% the S&P500.
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. William Blair initiated the stock with “Outperform” rating in Tuesday, April 19 report. 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 improved, 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.
Tiaa Cref Invest Limited Liability reported 123,241 shares or 0.01% of all its holdings. Northern Tru Corporation accumulated 0.01% or 411,831 shares. Cubist Systematic Strategies Ltd Liability Corporation holds 0.01% of its portfolio in John Bean Technologies Corp (NYSE:JBT) for 3,786 shares. Da Davidson & owns 3,473 shares or 0.01% of their US portfolio. Moreover, Kbc Gp Nv has 0% invested in John Bean Technologies Corp (NYSE:JBT) for 2,600 shares. Profund Advsrs Ltd Liability Com holds 0.01% or 3,920 shares in its portfolio. Columbus Circle Investors last reported 0.24% of its portfolio in the stock. Proshare Advsr Lc holds 4,218 shares or 0% of its portfolio. Moreover, Strs Ohio has 0% invested in John Bean Technologies Corp (NYSE:JBT) for 2,300 shares. Blackrock Institutional Na accumulated 0.01% or 842,275 shares. Capstone Asset Mngmt, a Texas-based fund reported 11,045 shares. Driehaus Cap Mgmt Limited Liability holds 48,184 shares or 0.11% of its portfolio. Ubs Asset Mngmt Americas, a Illinois-based fund reported 20,904 shares. Teacher Retirement Of Texas owns 4,065 shares or 0% of their US portfolio. Whittier Tru, a California-based fund reported 1,000 shares.
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 2 sales for $588,508 net activity. Smith Steven R had sold 3,000 shares worth $199,500 on Tuesday, August 2. Another trade for 5,000 shares valued at $389,008 was made by Montague Mark K on Thursday, November 3.
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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