John Bean Technologies Corp (NYSE: JBT) has a higher price-to-earnings ratio of 5.46x compared to its average ratio, The 36-month beta value for JBT is at 1.27. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for JBT is 31.42M, and currently, shorts hold a 5.00% of that float. The average trading volume for JBT on July 19, 2024 was 295.74K shares.
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JBT) stock’s latest price update
John Bean Technologies Corp (NYSE: JBT)’s stock price has plunge by 2.52relation to previous closing price of 99.72. Nevertheless, the company has seen a 8.78% surge in its stock price over the last five trading sessions. zacks.com reported 2024-06-27 that The Industrial Products sector is currently the fifth-ranked sector out of 16 Zacks sectors and several manufacturing stocks are standing out in particular.
JBT’s Market Performance
John Bean Technologies Corp (JBT) has seen a 8.78% rise in stock performance for the week, with a 2.13% gain in the past month and a 13.36% surge in the past quarter. The volatility ratio for the week is 2.65%, and the volatility levels for the past 30 days are at 2.70% for JBT. The simple moving average for the past 20 days is 7.75% for JBT’s stock, with a 3.42% simple moving average for the past 200 days.
Analysts’ Opinion of JBT
JP Morgan, on the other hand, stated in their research note that they expect to see JBT reach a price target of $130. The rating they have provided for JBT stocks is “Neutral” according to the report published on October 04th, 2021.
Robert W. Baird gave a rating of “Outperform” to JBT, setting the target price at $151 in the report published on May 26th of the previous year.
JBT Trading at 8.07% from the 50-Day Moving Average
After a stumble in the market that brought JBT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.44% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.65%, as shares surge +1.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.99% upper at present.
During the last 5 trading sessions, JBT rose by +8.78%, which changed the moving average for the period of 200-days by -2.77% in comparison to the 20-day moving average, which settled at $94.96. In addition, John Bean Technologies Corp saw 2.80% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for JBT
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.35 for the gross margin
The net margin for John Bean Technologies Corp stands at 0.36. The total capital return value is set at 0.07. Equity return is now at value 11.22, with 5.07 for asset returns.
Based on John Bean Technologies Corp (JBT), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 22.84.
Currently, EBITDA for the company is 280.1 million with net debt to EBITDA at 0.69. When we switch over and look at the enterprise to sales, we see a ratio of 2.05. The receivables turnover for the company is 5.59for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.37.
Conclusion
In conclusion, John Bean Technologies Corp (JBT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
