The stock of John Bean Technologies Corp (JBT) has seen a 8.27% increase in the past week, with a 13.56% gain in the past month, and a 7.83% flourish in the past quarter. The volatility ratio for the week is 2.44%, and the volatility levels for the past 30 days are at 2.45% for JBT. The simple moving average for the past 20 days is 8.19% for JBT’s stock, with a 11.35% simple moving average for the past 200 days.
Is It Worth Investing in John Bean Technologies Corp (NYSE: JBT) Right Now?
John Bean Technologies Corp (NYSE: JBT) has a price-to-earnings ratio of 19.76x that is above its average ratio. Additionally, the 36-month beta value for JBT is 1.25. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for JBT is 31.42M and currently, short sellers hold a 6.43% ratio of that float. The average trading volume of JBT on October 23, 2024 was 253.99K shares.
JBT) stock’s latest price update
John Bean Technologies Corp (NYSE: JBT) has experienced a rise in its stock price by 11.85 compared to its previous closing price of 95.26. However, the company has seen a gain of 8.27% in its stock price over the last five trading days. zacks.com reported 2024-10-22 that John Bean (JBT) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.11 per share a year ago.
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 14.52% 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 -3.06% of loss for the given period.
Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares surge +12.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.42% upper at present.
During the last 5 trading sessions, JBT rose by +7.56%, which changed the moving average for the period of 200-days by +14.23% in comparison to the 20-day moving average, which settled at $98.44. In addition, John Bean Technologies Corp saw 7.14% 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
- 0.36 for the gross margin
The net margin for John Bean Technologies Corp stands at 0.1. The total capital return value is set at 0.07. Equity return is now at value 9.75, with 5.26 for asset returns.
Based on John Bean Technologies Corp (JBT), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 102.62.
Currently, EBITDA for the company is 280.1 million with net debt to EBITDA at 0.55. When we switch over and look at the enterprise to sales, we see a ratio of 2.06. The receivables turnover for the company is 5.07for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.55.
Conclusion
In conclusion, John Bean Technologies Corp (JBT) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
