News stories about John Bean Technologies (NYSE:JBT) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. John Bean Technologies earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.8456391048476 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
JBT has been the subject of several research analyst reports. Bank of America lowered shares of John Bean Technologies from a “neutral” rating to an “underperform” rating in a research report on Friday, December 8th. Robert W. Baird increased their price objective on shares of John Bean Technologies from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered shares of John Bean Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Wells Fargo & Co set a $125.00 price objective on shares of John Bean Technologies and gave the company a “buy” rating in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $107.25.
John Bean Technologies (JBT) traded up $2.35 on Friday, reaching $118.85. 105,747 shares of the company’s stock were exchanged, compared to its average volume of 110,590. John Bean Technologies has a 12 month low of $80.70 and a 12 month high of $120.55. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.91. The stock has a market cap of $3,751.86, a price-to-earnings ratio of 44.02, a PEG ratio of 2.16 and a beta of 1.32.
About John Bean Technologies
John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.
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