John Bean Technologies Corp (NYSE: JBT) stock closed at $112.15 on 10/23/24 after a major increase of 17.7%. Moreover, trading volume in this advance was exceptionally high at 668% of normal. Relative to the market the stock has been weak over the last nine months but has risen 14.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, JBT is expected to continue to be a Value Builder.
John Bean Technologies has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. John Bean Technologies has a neutral Appreciation Score of 58 and a slightly negative Power Rating of 39, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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