JBT Marel Corporation (NYSE:JBTM) Stock Has Consensus Price Target of $165.20

JBT Marel Corporation (NYSE:JBTM) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $157.60.

Several analysts recently issued reports on JBTM shares. Weiss Ratings restated a “hold (c)” rating on shares of JBT Marel in a research report on Wednesday, September 2nd. Jefferies Financial Group began coverage on shares of JBT Marel in a research report on Wednesday. They issued a “hold” rating and a $142.00 price target on the stock. KeyCorp initiated coverage on shares of JBT Marel in a research note on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price target on the stock. Robert W. Baird dropped their price target on shares of JBT Marel from $188.00 to $171.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Finally, Barclays initiated coverage on shares of JBT Marel in a research report on Tuesday, September 8th. They set an “overweight” rating and a $150.00 price objective for the company.

Hedge Funds Weigh In On JBT Marel

Several large investors have recently made changes to their positions in JBTM. BlackRock Inc. purchased a new position in shares of JBT Marel in the second quarter worth $1,150,221,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in JBT Marel by 8.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,818,441 shares of the company’s stock valued at $263,674,000 after purchasing an additional 143,049 shares during the last quarter. Bamco Inc. NY bought a new position in JBT Marel during the second quarter valued at $95,781,000. Royce & Associates LP grew its stake in shares of JBT Marel by 0.5% in the 3rd quarter. Royce & Associates LP now owns 792,467 shares of the company’s stock worth $83,677,000 after buying an additional 4,300 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in shares of JBT Marel in the 2nd quarter worth $67,480,000. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

JBT Marel Trading Down 0.9%

Shares of NYSE:JBTM opened at $125.45 on Tuesday. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 1.37 and a beta of 0.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.74 and a current ratio of 1.29. The stock’s 50-day simple moving average is $112.35 and its two-hundred day simple moving average is $129.84. JBT Marel has a 52-week low of $102.97 and a 52-week high of $170.19.

JBT Marel (NYSE:JBTM) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.09 by $0.10. JBT Marel had a net margin of 5.00% and a return on equity of 9.00%. The firm had revenue of $994.00 million during the quarter. Analysts expect that JBT Marel will post 8.17 EPS for the current year.

About JBT Marel

JBT Marel Corporation provides equipment, automation, software and services for food and beverage processing. Its solutions help producers handle, prepare, process, package and transport products across the production chain. The company serves customers in sectors including meat, poultry, seafood, fruit and vegetables, prepared foods, and beverages. Its offerings include processing and packaging systems, filling and sterilization technologies, automated production lines, and aftermarket support.