BMO Capital Lowers Price Target on John Bean Technologies But Keeps Outperform Rating

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John Bean Technologies ($NYSE:JBT) is a company that manufactures and supplies equipment and services for the food processing and agricultural industries. BMO Capital has lowered its price target on John Bean Technologies from $135 to $120, but kept its outperform rating. The reason for the lowered price target is due to the company’s recent acquisition of a controlling interest in a Chinese company.

This acquisition is expected to be accretive to earnings per share in the short-term, but will likely result in higher debt levels and increased expenses. In the long-term, however, the acquisition is expected to be beneficial for John Bean Technologies as it will expand its customer base and give it a stronger presence in Asia.

Price History

John Bean Technologies has been the subject of a number of recent research reports. Zacks Investment Research lowered John Bean Technologies from a buy rating to a hold rating in a research report on Saturday, May 2nd. ValuEngine lowered John Bean Technologies from a hold rating to a sell rating in a research report on Monday, May 4th. Finally, BidaskClub lowered John Bean Technologies from a hold rating to a sell rating in a research report on Friday, May 8th. John Bean Technologies stock opened at $87.60 on Thursday and closed at $88.60, down 0.2% from its previous close of $88.80. John Bean Technologies Corporation manufactures and sells food processing and air transportation equipment worldwide.

It operates in two segments, FoodTech and AeroTech. The FoodTech segment offers food processing systems and equipment to the poultry, meat, fish, prepared food, and bakery markets. The AeroTech segment provides technologically advanced aerospace products, services, and systems to the commercial air transportation, military, and other aerospace markets. This segment’s products include aircraft deicing and anti-icing systems, aircraft doors and actuation systems, gate systems and related products for airport operations, and industrial automation systems.

VI Analysis

Investors interested in companies with strong fundamentals and a history of paying out consistent dividends may be interested in John Bean Technologies . JBT has a strong balance sheet with little debt and a track record of paying out sustainable dividends. The company is classified as a “cow” by VI, meaning it has the potential to provide investors with consistent returns. JBT is strong in asset, dividend, and profitability metrics, and medium in growth.

VI Peers

The company’s products are used by customers in more than 100 countries around the world. John Bean Technologies Corp has a strong competitive position in the market, with a wide range of products and a global customer base. The company’s competitors include Dover Corp, Shenzhen Genvict Technologies Co Ltd, Crawford United Corp.

– Dover Corp ($NYSE:DOV)

Dover Corporation is a global manufacturer of industrial products and components. The company’s products are used in a variety of industries, including aerospace, transportation, energy, and medical. Dover’s products are sold through a network of distributors and retailers. The company has a market cap of 18.29B as of 2022 and a Return on Equity of 22.89%. Dover is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol DOV.

– Shenzhen Genvict Technologies Co Ltd ($SZSE:002869)

Shenzhen Genvict Technologies Co Ltd has a market cap of 4.08B as of 2022. The company’s return on equity is -3.9%.

Shenzhen Genvict Technologies Co Ltd is a leading provider of Internet of Things (IoT) solutions. The company’s products and solutions are used in a wide range of industries, including smart city, transportation, energy, environment, healthcare, and manufacturing.

– Crawford United Corp ($OTCPK:CRAWA)

Crawford United Corp is a publicly traded company with a market capitalization of $61.6 million as of 2022. The company has a return on equity of 10.27%. Crawford United Corp is engaged in the business of providing engineering, construction and maintenance services to the energy, industrial and commercial markets.

Summary

Investing in John Bean Technologies can be a smart move for investors. The company is a leading provider of equipment and services for the food processing and agricultural industries. Its products are used by some of the largest food processors in the world, including Nestle, Tyson Foods, and Cargill. JB Technologies has a strong track record of profitability and is well-positioned for growth in the future. The company’s products are in high demand from food processors who are looking to improve their efficiency and productivity. JB Technologies’ equipment helps processors save time and money by reducing waste, increasing yields, and improving product quality.

The company is also benefiting from strong demand for its services, which include installation, maintenance, and training. JB Technologies has a strong competitive advantage in the food processing industry. Its products are highly regarded by customers, and the company has a long history of innovation. JB Technologies is also one of the few providers of equipment and services that can meet the needs of the world’s largest food processors. Investors who are looking for a well-positioned company with a strong competitive advantage should consider investing in John Bean Technologies.