Stock Rating Upgrade
In recent days the Value Trend Rating for John Bean Technologies Corp (NYSE: JBT) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
John Bean Technologies Corp (NYSE: JBT) stock declined slightly by -0.3% on 5/1/24. The stock closed at $88.84. Moreover, trading volume in this decline was unusually high at 181% of normal. The stock has been weak relative to the market over the last nine months and has declined -3.0% during the last week.
Current PriceTarget Research Rating
JBT is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
John Bean Technologies has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. John Bean Technologies has a neutral Appreciation Score of 56 and a slightly negative Power Rating of 36, triggering the Low Neutral Value Trend Rating.
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