In a report released today, Mircea Dobre from Robert W. Baird maintained a Buy rating on John Bean Technologies (JBT – Research Report). The company’s shares closed today at $102.47.
According to TipRanks, Dobre is a 5-star analyst with an average return of 12.6% and a 51.95% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as John Bean Technologies, Caterpillar, and Manitowoc Company.
Currently, the analyst consensus on John Bean Technologies is a Moderate Buy with an average price target of $110.40.
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JBT market cap is currently $3.42B and has a P/E ratio of 26.40.
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John Bean Technologies Corp. is a technology solutions provider, which engages in the food, beverage, and air transportation industries. It operates through the JBT FoodTech and JBT AeroTech business segments. The JBT FoodTech segment designs, manufactures, and services technologically food processing systems for the preparation of meat, seafood and poultry products, ready-to-eat meals, shelf stable packaged foods, bakery products, juice and dairy products, and fruit and vegetable products. The JBT AeroTech segment supplies customized solutions and services used for applications in the air transportation industry, including airport authorities, airlines, airfreight, ground handling companies, the military, and defense contractors. The company was founded on May 12, 1994 and is headquartered in Chicago, IL.
