Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for John Bean Technologies Corp (NYSE: JBT) improved of late. JBT’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
John Bean Technologies Corp (NYSE: JBT) stock rose modestly by 0.5% on 8/9/24. The stock closed at $90.43. However, trading volume in this advance was unusually low at 52% of normal. The stock has been weak relative to the market over the last nine months and has declined -5.1% 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 VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. John Bean Technologies has a neutral Appreciation Score of 57 and a slightly negative Power Rating of 31, triggering the Low Neutral Value Trend Rating.
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