John Bean Technologies Receives a Buy from BMO Capital

By Ryan Adsit

In a report released today, Joel Tiss from BMO Capital maintained a Buy rating on John Bean Technologies (NYSE: JBT), with a price target of $125. The company’s shares closed on Friday at $111.45.

According to TipRanks.com, Tiss is a 4-star analyst with an average return of 12.6% and a 64.5% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Inc, Wabash National Corp, and Illinois Tool Works.

Currently, the analyst consensus on John Bean Technologies is Moderate Buy and the average price target is $119.50, representing a 7.2% upside.

In a report issued on February 28, Wells Fargo also maintained a Buy rating on the stock with a $130 price target.

The company has a one-year high of $122.65 and a one-year low of $82.45. Currently, John Bean Technologies has an average volume of 143.2K.

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John Bean Technologies Corp. is a technology solutions provider to the food, beverage, and air transportation industries. It operates through the following business segments: JBT FoodTech and JBT AeroTech.