John Bean Technologies Corporat with ticker code (JBT) now have 4 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 127 and 85 suggesting an average Analsyt target price of $114.25. Now with the previous closing price of $102.47 this is indicating there is a potential upside of 11.5%. There is a 50 day moving average of $106.78 and the 200 day MA is $101.22. The company has a market capitalization of $3,346m. You can visit the company’s website by visiting: https://www.jbtc.com
The potential market cap would be $3,730m based on the market consensus.
John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries in North America, Europe, Middle East, Africa, Asia Pacific, and Latin America. The company operates through two segments: FoodTech and AeroTech. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, foaming, portioning, coating, cooking, frying, freezing, weighing, and inspection. The company also provides processing solutions for extracting, blending, pasteurizing, sterilizing, concentrating, high pressure processing, filling, closing, sealing, and packaging, as well as processing equipment; and packaging systems for poultry, beef, pork, seafood, ready-to-eat meals, fruits, vegetables, dairy, bakery, pet foods, soups, sauces, plant based meats, juices, and carbonated beverages. In addition, it offers automated guided vehicle systems for material movement in the manufacturing, warehouse, and medical facilities. Further, the company provides mobile air transportation equipment, such as commercial and defense cargo loading, aircraft deicing, aircraft towing, and aircraft ground power and cooling systems; and fixed equipment for passenger boarding. Additionally, it offers airport equipment, systems, and facilities maintenance services to domestic and international airport authorities, passenger airlines, airfreight and ground handling companies, defense forces, and defense contractors. The company markets and sells its products and solutions through direct sales force, independent distributors, sales representatives, and technical service teams. John Bean Technologies Corporation was incorporated in 1994 and is headquartered in Chicago, Illinois.
The company has a dividend yield of 0.39% with the ex dividend date set at 3-3-2023 (DMY).
