NYSE:JBT

John Bean Technologies (JBT) Stock Forecast, Price & News

$105.32

+1.17 (+1.12%)

(As of 09/28/2023 ET)

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Today's Range: $104.19
▼
$106.10
50-Day Range: $103.21
▼
$123.67
52-Week Range: $84.00
▼
$125.88

Volume: 141,252 shs
Average Volume: 126,342 shs
Market Capitalization: $3.35 billion

P/E Ratio: 26.27
Dividend Yield: 0.38%
Price Target: $116.00

John Bean Technologies MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 10.1% Upside
$116.00 Price Target
Short Interest: Bearish
2.63% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.87
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 20.56%
From $3.94 to $4.75 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.29 out of 5 stars

Industrial Products Sector

130th out of 181 stocks

Special Industry Machinery, Except Metalworking Machinery Industry

3rd out of 4 stocks

2.3

Analyst's Opinion

Consensus Rating
John Bean Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $116.00, John Bean Technologies has a forecasted upside of 10.1% from its current price of $105.33.
Amount of Analyst Coverage
John Bean Technologies has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.63% of the float of John Bean Technologies has been sold short.
Short Interest Ratio / Days to Cover
John Bean Technologies has a short interest ratio ("days to cover") of 6.3.
Change versus previous month
Short interest in John Bean Technologies has recently increased by 5.71%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
John Bean Technologies has a dividend yield of 0.38%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
John Bean Technologies does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of John Bean Technologies is 9.98%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, John Bean Technologies will have a dividend payout ratio of 8.42% next year. This indicates that John Bean Technologies will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for JBT.

3.3

News and Social Media Coverage

News Sentiment
John Bean Technologies has a news sentiment score of 0.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for John Bean Technologies this week, compared to 2 articles on an average week.
MarketBeat Follows
1 people have added John Bean Technologies to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, John Bean Technologies insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.96% of the stock of John Bean Technologies is held by insiders.
Percentage Held by Institutions
98.19% of the stock of John Bean Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for John Bean Technologies are expected to grow by 20.56% in the coming year, from $3.94 to $4.75 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of John Bean Technologies is 26.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.11.
Price to Earnings Ratio vs. Sector
The P/E ratio of John Bean Technologies is 26.27, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.77.
Price to Earnings Growth Ratio
John Bean Technologies has a PEG Ratio of 7.16. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
John Bean Technologies has a P/B Ratio of 3.89. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About John Bean Technologies (NYSE:JBT) Stock

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries in North America, Europe, Middle East, Africa, Asia Pacific, and Latin America. The company operates through two segments: FoodTech and AeroTech. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, foaming, portioning, coating, cooking, frying, freezing, weighing, and inspection. The company also provides processing solutions for extracting, blending, pasteurizing, sterilizing, concentrating, high pressure processing, filling, closing, sealing, and packaging, as well as processing equipment; and packaging systems for poultry, beef, pork, seafood, ready-to-eat meals, fruits, vegetables, dairy, bakery, pet foods, soups, sauces, plant based meats, juices, and carbonated beverages. In addition, it offers automated guided vehicle systems for material movement in the manufacturing, warehouse, and medical facilities. Further, the company provides mobile air transportation equipment, such as commercial and defense cargo loading, aircraft deicing, aircraft towing, and aircraft ground power and cooling systems; and fixed equipment for passenger boarding. Additionally, it offers airport equipment, systems, and facilities maintenance services to domestic and international airport authorities, passenger airlines, airfreight and ground handling companies, defense forces, and defense contractors. The company markets and sells its products and solutions through direct sales force, independent distributors, sales representatives, and technical service teams. John Bean Technologies Corporation was incorporated in 1994 and is headquartered in Chicago, Illinois.

JBT Price History

30 days | 90 days | 365 days | Advanced Chart

JBT Stock News Headlines

September 25, 2023 | americanbankingnews.com

John Bean Technologies Co. (NYSE:JBT) Given Consensus Recommendation of "Moderate Buy" by Brokerages

September 6, 2023 | msn.com

John Bean Technologies Corporation: Following Completed Deal, The Valuation Remains Unappealing

September 29, 2023 | Chaikin Analytics (Ad)

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August 31, 2023 | finance.yahoo.com

JBT (JBT) Down 4% Since Last Earnings Report: Can It Rebound?

August 3, 2023 | insidermonkey.com

John Bean Technologies Corporation (NYSE:JBT) Q2 2023 Earnings Call Transcript

August 3, 2023 | finance.yahoo.com

John Bean Technologies Corporation: JBT Earnings: AeroTech Sale a Lackluster Deal for Shareholders, Though the Quarter Was As Expected

August 3, 2023 | finance.yahoo.com

John Bean (JBT) Q2 Earnings Up Y/Y on Strong FoodTech Results

August 2, 2023 | seekingalpha.com

John Bean Technologies Corporation 2023 Q2 - Results - Earnings Call Presentation

September 29, 2023 | Legacy Research (Ad)

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August 1, 2023 | markets.businessinsider.com

Robert W. Baird Keeps Their Buy Rating on John Bean Technologies (JBT)

August 1, 2023 | finance.yahoo.com

JBT Corporation Reports Second Quarter 2023 Results from Continuing Operations and Completes Sale of AeroTech

July 28, 2023 | finance.yahoo.com

Will FoodTech Performance Drive John Bean's (JBT) Q2 Earnings?

July 19, 2023 | finance.yahoo.com

JBT Corporation Announces Second Quarter 2023 Earnings Release and Conference Call Schedule

July 15, 2023 | finance.yahoo.com

JBT.SG - John Bean Technologies Corp

July 6, 2023 | finance.yahoo.com

John Bean (JBT) Scales 52-Week High: More Room to Run?

June 30, 2023 | msn.com

Baird Reiterates John Bean Technologies (JBT) Outperform Recommendation

June 4, 2023 | sg.finance.yahoo.com

JBT - John Bean Technologies Corporation

June 1, 2023 | seekingalpha.com

John Bean Technologies Becoming A Pure FoodTech Play

May 31, 2023 | msn.com

John Bean (JBT) to Sell AeroTech Business to Oshkosh for $800M

May 30, 2023 | marketwatch.com

Oshkosh to Acquire JBT's AeroTech Unit for $800 Million

May 30, 2023 | msn.com

Oshkosh to pay $800 million to buy John Bean Technologies’ AeroTech business to enter the air transportation support market

May 30, 2023 | msn.com

JBT Divests AeroTech Business To Oshkosh For $800M

May 12, 2023 | msn.com

JBT declares $0.10 dividend

May 4, 2023 | markets.businessinsider.com

Robert W. Baird Remains a Buy on John Bean Technologies (JBT)

April 27, 2023 | finance.yahoo.com

John Bean Technologies Corporation: John Bean Technologies Earnings: Digital Investments and Portfolio Moves, a Path to Value Creation

April 27, 2023 | finance.yahoo.com

Those who invested in John Bean Technologies (NYSE:JBT) three years ago are up 26%

April 27, 2023 | thestreet.com

John Bean Technologies Is a Great Company, but Hold Off on Buying the Stock

See More Headlines

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JBT Company Calendar

Last Earnings: 8/02/2023
Ex-Dividend for 9/5 Dividend: 8/18/2023
Dividend Payable: 9/05/2023
Today: 9/29/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Special industry machinery, except metalworking machinery
Sub-Industry: Industrial Machinery
Sector: Industrial Products
Current Symbol: NYSE:JBT
CUSIP: 47783910
CIK: 1433660
Web: www.jbtc.com
Phone: (312) 861-5900
Fax: 312-861-5897
Employees: 7,200
Year Founded: 1894

Price Target and Rating

Average Stock Price Forecast: $116.00
High Stock Price Forecast: $128.00
Low Stock Price Forecast: $100.00
Forecasted Upside/Downside: +10.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.01
Trailing P/E Ratio: 26.27
Forward P/E Ratio: 26.73
P/E Growth: 7.1
Net Income: $130.70 million
Net Margins: 6.08%
Pretax Margin: 7.79%
Return on Equity: 17.20%
Return on Assets: 5.81%

Debt

Debt-to-Equity Ratio: 1.03
Current Ratio: 1.45
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: $2.17 billion
Price / Sales: 1.55
Cash Flow: $7.50 per share
Price / Cash Flow: 14.04
Book Value: $27.08 per share
Price / Book: 3.89

Miscellaneous

Outstanding Shares: 31,840,000
Free Float: 31,532,000
Market Cap: $3.35 billion
Optionable: Optionable
Beta: 1.40

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Key Executives

Mr. Brian A. Deck (Age 54)
Pres, CEO & Director
Comp: $1.59M

Mr. Matthew J. Meister (Age 44)
Exec. VP & CFO
Comp: $700.68k

Mr. James L. Marvin (Age 62)
Exec. VP, Gen. Counsel & Assistant Sec.
Comp: $611.7k

Mr. Robert James Petrie (Age 53)
Exec. VP & Pres of Protein
Comp: $823.61k

Ms. Jessi L. Corcoran (Age 40)
VP, Corp. Controller & Chief Accounting Officer

Ms. Kristina L. Paschall (Age 48)
Exec. VP, Chief Information & Digital Officer

Kedric Meredith
VP of Corp. Devel. & Investor Relations

Ms. Shelley Rae-K. Bridarolli (Age 52)
Exec. VP & Chief HR Officer

Mr. Jack Martin (Age 59)
Exec. VP of Supply Chain

Mr. Luiz Rizzolo (Age 44)
Exec. VP and Pres of Diversified Food & Health

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

JBT Stock - Frequently Asked Questions

Should I buy or sell John Bean Technologies stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for John Bean Technologies in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" JBT shares.
View JBT analyst ratings or view top-rated stocks.
What is John Bean Technologies' stock price forecast for 2023?: 3 Wall Street research analysts have issued 12-month target prices for John Bean Technologies' stock. Their JBT share price forecasts range from $100.00 to $128.00. On average, they expect the company's share price to reach $116.00 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
View analysts price targets for JBT or view top-rated stocks among Wall Street analysts.
How have JBT shares performed in 2023?: John Bean Technologies' stock was trading at $91.33 at the beginning of the year. Since then, JBT shares have increased by 15.3% and is now trading at $105.3250.
View the best growth stocks for 2023 here.
Are investors shorting John Bean Technologies?: John Bean Technologies saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 826,900 shares, an increase of 5.7% from the August 31st total of 782,200 shares. Based on an average daily trading volume, of 130,600 shares, the short-interest ratio is presently 6.3 days. Currently, 2.6% of the shares of the company are sold short.
View John Bean Technologies' Short Interest.
When is John Bean Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our JBT earnings forecast.
How were John Bean Technologies' earnings last quarter?: John Bean Technologies Co. (NYSE:JBT) posted its quarterly earnings data on Wednesday, August, 2nd. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.18 by $0.21. The industrial products company earned $427.70 million during the quarter, compared to analysts' expectations of $466.98 million. John Bean Technologies had a trailing twelve-month return on equity of 17.20% and a net margin of 6.08%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 earnings per share.
How often does John Bean Technologies pay dividends? What is the dividend yield for John Bean Technologies?: John Bean Technologies declared a quarterly dividend on Thursday, August 10th. Investors of record on Monday, August 21st will be given a dividend of $0.10 per share on Tuesday, September 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Friday, August 18th.
Read our dividend analysis for JBT.
What ETFs hold John Bean Technologies' stock?: ETFs with the largest weight of John Bean Technologies (NYSE:JBT) stock in their portfolio include Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), Invesco S&P SmallCap Industrials ETF (PSCI), VanEck Future of Food ETF (YUMY), Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ), BlackRock Future Climate and Sustainable Economy ETF (BECO), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT).
Is John Bean Technologies a good dividend stock?: John Bean Technologies (NYSE:JBT) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.39%. The dividend payout ratio is 9.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, JBT will have a dividend payout ratio of 8.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for JBT.

What guidance has John Bean Technologies issued on next quarter's earnings?: John Bean Technologies updated its third quarter 2023 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of $0.90-$1.05 for the period, compared to the consensus earnings per share estimate of $1.11. The company issued revenue guidance of $410.00 million-$425.00 million, compared to the consensus revenue estimate of $474.86 million.
What is Brian Deck's approval rating as John Bean Technologies' CEO?: 3 employees have rated John Bean Technologies Chief Executive Officer Brian Deck on Glassdoor.com. Brian Deck has an approval rating of 70% among the company's employees.
What other stocks do shareholders of John Bean Technologies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other John Bean Technologies investors own include AbbVie (ABBV), Walt Disney (DIS), Enterprise Products Partners (EPD), International Business Machines (IBM), Johnson & Johnson (JNJ), NVIDIA (NVDA), Advanced Micro Devices (AMD), Broadcom (AVGO), Alibaba Group (BABA) and Five Below (FIVE).
What is John Bean Technologies' stock symbol?: John Bean Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "JBT."
How do I buy shares of John Bean Technologies?: Shares of JBT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is John Bean Technologies' stock price today?: One share of JBT stock can currently be purchased for approximately $105.33.
How much money does John Bean Technologies make?: John Bean Technologies (NYSE:JBT) has a market capitalization of $3.35 billion and generates $2.17 billion in revenue each year. The industrial products company earns $130.70 million in net income (profit) each year or $4.01 on an earnings per share basis.
How many employees does John Bean Technologies have?: The company employs 7,200 workers across the globe.
Does John Bean Technologies have any subsidiaries?: The following companies are subsidiares of John Bean Technologies: A & B Process Systems Corp., A&B Process Systems, A&B Renewable Gas Systems LLC, Aircraft Maintenance Support Services Ltd., AutoCoding Systems Limited, AutoCoding Systems Ltd, AutoCoding Systems Pty Limited, Avure Technologies Inc., Avure Technologies Incorporated, Avure U.S. Inc., Barber Holdings Limited, Barber Trading Limited, CMS Technology Inc, Cooling Applied Technologies Inc., E.M.D. S.A. de C.V., FTNON, Innovative Food Technologies LLC, International Packaging Solutions Limited, JBT AeroTech (Proprietary) Ltd., JBT AeroTech Corporation, JBT AeroTech Jamaica Ltd., JBT AeroTech Singapore Pte Ltd., JBT AeroTech UK Limited, JBT Airport Services Corporation, JBT Contract Services LLC, JBT Equipment Finance LLC, JBT FTNON B.V., JBT Food and Dairy Systems B.V., JBT Food and Dairy Systems Mexico S.A. de C.V., JBT Food and Dairy Systems SARL, JBT Holdings B.V., JBT Holdings LLC, JBT International (Thailand) Ltd., JBT Kunshan Holdings Ltd., JBT Lektro Inc., JBT Malaysia Sdn. Bhd., JBT Ningbo Holdings Ltd., JBT Shanghai Holdings Ltd., JBT Shenzhen Holdings Ltd., Jetway Systems Asia Inc., John Bean Technologies (Kunshan) Company Ltd., John Bean Technologies (Ningbo) Company Ltd., John Bean Technologies (Proprietary) Ltd., John Bean Technologies (Shanghai) Company Ltd., John Bean Technologies (Thailand) Ltd., John Bean Technologies AB, John Bean Technologies Argentina S.R.L., John Bean Technologies Australia Ltd., John Bean Technologies B.V., John Bean Technologies Canada Limited, John Bean Technologies Chile Limitada, John Bean Technologies Corporation, John Bean Technologies Europe B.V., John Bean Technologies Foodtech Spain S.L., John Bean Technologies GmbH, John Bean Technologies Hong Kong Ltd., John Bean Technologies India Pvt. Ltd., John Bean Technologies K.K., John Bean Technologies LLC, John Bean Technologies Ltd., John Bean Technologies Middle East FZE, John Bean Technologies Máquinas e Equipamentos Industriais Ltda., John Bean Technologies N.V., John Bean Technologies NZ Limited, John Bean Technologies OOO, John Bean Technologies Philippines Corp., John Bean Technologies S.A., John Bean Technologies S.P.A., John Bean Technologies S.R.O., John Bean Technologies S.p. Z.o.o., John Bean Technologies Singapore Holdings Pte. Ltd., John Bean Technologies Singapore Pte. Ltd., John Bean Technologies South Africa Holding B.V., John Bean Technologies Spain Holding B.V., John Bean Technologies Spain S.L.U., John Bean Technologies Switzerland GmbH, John Bean Technologies de Mexico S. de R.L. de C.V., LEKTRO Inc, Newco 1001 Limited, Novus X-Ray LLC, PLF International Limited, PLF International Ltd., PT John Bean Technologies Indonesia, Precise Cutting & Conveying Systems LLC, Prevenio, Prime Equipment Group LLC, Proseal America Holdings LLC, Proseal America Inc., Proseal Australia PTY Ltd, Proseal Holdings Limited, Proseal UK Limited, Schröder, Schröder Maschinenbau GmbH & Co. KG, Schröder Maschinenbau Verwaltungs GmbH, The Mozza-Lessa Sales Company LLC, Tipper Tie Alpina GmbH, Tipper Tie Inc., Tipper Tie Technopack GmbH, and Urtasun Tecnología Alimentaria S.L..
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How can I contact John Bean Technologies?: John Bean Technologies' mailing address is 70 W MADISON SUITE 4400, CHICAGO IL, 60602. The official website for the company is www.jbtc.com. The industrial products company can be reached via phone at (312) 861-5900, via email at megan.rattigan@jbtc.com, or via fax at 312-861-5897.

This page (NYSE:JBT) was last updated on 9/29/2023 by MarketBeat.com Staff

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