The stock of John Bean Technologies Corp (NYSE:JBT) reached all time high today, Nov, 22 and still has $94.40 target or 5.00% above today’s $89.90 share price. This indicates more upside for the $2.64B company. This technical setup was reported by Barchart.com. If the $94.40 PT is reached, the company will be worth $132.00 million 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 77,905 shares traded hands. John Bean Technologies Corp (NYSE:JBT) has risen 51.26% since April 20, 2016 and is uptrending. It has outperformed by 46.70% 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. BB&T Capital initiated the shares of JBT in a report on Friday, June 17 with “Buy” rating. On Tuesday, April 19 the stock rating was initiated by William Blair with “Outperform”.
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 decreased to 0.8 in 2016 Q2. Its down 0.57, from 1.37 in 2016Q1. The ratio is negative, 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.
Bokf Na, a Oklahoma-based fund reported 625 shares. Profund Advsr Ltd has invested 0.01% of its portfolio in John Bean Technologies Corp (NYSE:JBT). Rice Hall James Associate Ltd Liability last reported 0.13% of its portfolio in the stock. Carroll Financial Associates has 0% invested in the company for 92 shares. Tygh Capital Inc last reported 0.83% of its portfolio in the stock. Moreover, Cubist Systematic Strategies Ltd Limited Liability Company has 0.01% invested in John Bean Technologies Corp (NYSE:JBT) for 3,786 shares. Alexandria Ltd Liability owns 133 shares or 0% of their US portfolio. Blackrock owns 6,788 shares or 0% of their US portfolio. Blackrock Fund Advisors has 0.02% invested in the company for 1.84M shares. Aqr Mgmt Limited Liability Company owns 41,029 shares or 0% of their US portfolio. Employees Retirement Association Of Colorado accumulated 0% or 8,561 shares. Prescott Grp Incorporated Mngmt Llc last reported 10,233 shares in the company. Tower Capital Limited Liability (Trc) has 0.01% invested in the company for 1,103 shares. Symphony Asset Limited Liability last reported 0.11% of its portfolio in the stock. Champlain Investment Prns Ltd Liability accumulated 545,580 shares or 0.58% of the stock.
Insider Transactions: Since August 2, 2016, the stock had 0 insider purchases, and 3 sales for $785,688 net activity. $389,008 worth of John Bean Technologies Corp (NYSE:JBT) shares were sold by Montague Mark K. Smith Steven R sold $199,500 worth of stock or 3,000 shares.
More news for John Bean Technologies Corp (NYSE:JBT) were recently published by: Marketwatch.com, which released: “John Bean Technologies Corp.” on April 25, 2011. Quotes.Wsj.com‘s article titled: “News John Bean Technologies Corp.JBT” and published on February 11, 2011 is yet another important article.
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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