Robert W. Baird analyst Mircea Dobre maintained a Buy rating on John Bean Technologies (JBT – Research Report) today. The company’s shares opened today at $106.39.
Dobre covers the Industrials sector, focusing on stocks such as Alamo Group, Herc Holdings, and Illinois Tool Works. According to TipRanks, Dobre has an average return of 11.2% and a 50.43% success rate on recommended stocks.
Currently, the analyst consensus on John Bean Technologies is a Hold with an average price target of $103.00.
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JBT market cap is currently $3.4B and has a P/E ratio of 6.11.
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John Bean Technologies (JBT) Company Description:
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.
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