Robert W. Baird Stick to Their Buy Rating for John Bean Technologies
Investing.com
Published Oct 31, 2021 09:28AM ET
Robert W. Baird analyst Mircea Dobre maintained a Buy rating on John Bean Technologies (NYSE:JBT) on Wednesday, setting a price target of $162, which is approximately 9.64% above the present share price of $147.75.
Dobre expects John Bean Technologies to post earnings per share (EPS) of $0.91 for the fourth quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in John Bean Technologies, with an average price target of $146.
The analysts price targets range from a high of $162 to a low of $130.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $477.4 million and a net profit of $41.6 million. The company's market cap is $4.69 billion.
According to TipRanks.com, Robert W. Baird analyst Mircea Dobre is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.6% and a 61.11% success rate.
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.
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