JBT Marel (NYSE:JBTM) Now Covered by Jefferies Financial Group

Key Points

• Jefferies initiated coverage of JBT Marel with a Hold rating and a $142 price target, implying about 9.6% upside from the previous close.
• Analyst views are moderately positive overall: four analysts rate the stock Buy and three Hold, with an average price target of $157.60.
• JBT Marel reported quarterly EPS of $2.19, beating the $2.09 consensus estimate; revenue was $994 million.

Jefferies Financial Group began coverage on shares of JBT Marel (NYSE:JBTM - Get Free Report) in a research report issued to clients and investors on Wednesday, Briefing.com reports. The brokerage set a "hold" rating and a $142.00 price target on the stock. Jefferies Financial Group's target price would suggest a potential upside of 9.61% from the company's previous close.

Several other analysts also recently weighed in on the company. Barclays assumed coverage on JBT Marel in a report on Tuesday, September 8th. They issued an "overweight" rating and a $150.00 price objective for the company. KeyCorp initiated coverage on shares of JBT Marel in a research report on Tuesday, August 25th. They issued an "overweight" rating and a $150.00 price target for the company. Robert W. Baird dropped their price objective on shares of JBT Marel from $188.00 to $171.00 and set an "outperform" rating on the stock in a research note on Thursday, September 24th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of JBT Marel in a report on Wednesday, September 2nd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, JBT Marel currently has an average rating of "Moderate Buy" and an average price target of $157.60.

JBT Marel Price Performance

JBT Marel stock opened at $129.55 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.29 and a quick ratio of 0.74. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 34.55, a price-to-earnings-growth ratio of 1.41 and a beta of 0.93. The firm has a 50-day moving average of $111.96 and a two-hundred day moving average of $130.13. JBT Marel has a 1 year low of $102.97 and a 1 year high of $170.19.

JBT Marel (NYSE:JBTM - Get Free Report) last issued its earnings results on Tuesday, November 3rd. The company reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.10. The business had revenue of $994.00 million for the quarter. JBT Marel had a net margin of 5.00% and a return on equity of 9.00%. On average, research analysts forecast that JBT Marel will post 8.14 earnings per share for the current year.

Institutional Investors Weigh In On JBT Marel

Institutional investors have recently bought and sold shares of the company. Heritage Family Offices LLP acquired a new position in shares of JBT Marel during the third quarter worth $28,000. Parallel Advisors LLC grew its stake in JBT Marel by 1,211.8% during the 1st quarter. Parallel Advisors LLC now owns 223 shares of the company's stock worth $29,000 after buying an additional 206 shares during the last quarter. Transamerica Financial Advisors LLC acquired a new position in JBT Marel during the 2nd quarter valued at about $41,000. Public Employees Retirement System of Ohio purchased a new stake in JBT Marel in the second quarter valued at about $50,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in JBT Marel in the second quarter worth about $51,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

JBT Marel Company Profile

JBT Marel Corporation provides equipment, automation, software and services for food and beverage processing. Its solutions help producers handle, prepare, process, package and transport products across the production chain. The company serves customers in sectors including meat, poultry, seafood, fruit and vegetables, prepared foods, and beverages. Its offerings include processing and packaging systems, filling and sterilization technologies, automated production lines, and aftermarket support.

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