Equities research analysts at Global Hunter Securities began coverage on shares of John Bean Technologies Corp. (NYSE:JBT) in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. The firm set a “speculative buy” rating on the stock.
John Bean Technologies Corp. (NYSE:JBT) traded down 0.45% on Wednesday, hitting $24.52. 99,516 shares of the company’s stock traded hands. John Bean Technologies Corp. has a 52-week low of $13.93 and a 52-week high of $24.94. The stock has a 50-day moving average of $23.10 and a 200-day moving average of $21.93. The company has a market cap of $710.0 million and a P/E ratio of 19.38.
John Bean Technologies Corp. (NYSE:JBT) last announced its earnings results on Tuesday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. The company had revenue of $226.90 million for the quarter, compared to the consensus estimate of $223.30 million. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that John Bean Technologies Corp. will post $1.36 earnings per share for the current fiscal year.
Separately, analysts at CL King downgraded shares of John Bean Technologies Corp. (NYSE:JBT) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th.
Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. John Bean Technologies Corp. has a consensus rating of “Hold”.
John Bean Technologies Corporation is a global technology solutions provider for the food processing and air transportation industries.
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