In a report issued on February 22, Mircea Dobre from Robert W. Baird maintained a Hold rating on John Bean Technologies (JBT – Research Report), with a price target of $115.00. The company’s shares closed last Tuesday at $142.06, close to its 52-week high of $144.96.
According to TipRanks.com, Dobre is a 5-star analyst with an average return of 20.4% and a 61.9% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Lincoln Electric Holdings, and Illinois Tool Works.
Currently, the analyst consensus on John Bean Technologies is a Moderate Buy with an average price target of $144.33.
The company has a one-year high of $144.96 and a one-year low of $56.17. Currently, John Bean Technologies has an average volume of 167.2K.
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John Bean Technologies Corp. is a technology solutions provider, which engages in the food, beverage, and air transportation industries. It operates through the JBT FoodTech and JBT AeroTech business segments. The JBT FoodTech segment designs, manufactures, and services technologically food processing systems for the preparation of meat, seafood and poultry products, ready-to-eat meals, shelf stable packaged foods, bakery products, juice and dairy products, and fruit and vegetable products. The JBT AeroTech segment supplies customized solutions and services used for applications in the air transportation industry, including airport authorities, airlines, airfreight, ground handling companies, the military, and defense contractors. The company was founded on May 12, 1994 and is headquartered in Chicago, IL.