JBT Marel (NYSE:JBTM) Now Covered by Analysts at CL King

Stock analysts at CL King started coverage on shares of JBT Marel (NYSE:JBTM) in a research note issued on Wednesday, MarketBeat reports. The firm set a “buy” rating and a $143.00 price target on the stock. CL King’s price target indicates a potential upside of 10.90% from the company’s previous close.

JBT Marel Stock Up 1.9 %

Shares of NYSE JBTM opened at $128.95 on Wednesday. JBT Marel has a 1-year low of $82.64 and a 1-year high of $132.69. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 1.63 and a beta of 1.23. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41.

About JBT Marel

JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.