Current Trading Insights
Recently, shares of John Bean Technologies Corp (Symbol: JBT) traded above the average analyst 12-month target price of $110.33, moving at $112.15 per share. When a stock reaches an analyst’s target, they must decide how to respond: downgrade due to valuation or increase their target price. These decisions often hinge on the company’s recent performance—if it’s improving, a new, higher target may be warranted.
Within the Zacks coverage universe, there are three different analyst targets contributing to the average for John Bean Technologies. It’s essential to remember that this average is just a mathematical computation. Some analysts have set lower targets, with one at $85.00, while another has a bullish outlook with a target of $125.00. The standard deviation among these targets is $22.03.
Examining the average price target helps investors understand a broader consensus rather than relying on one individual analyst’s viewpoint. With JBT rising above the average target price of $110.33, it’s an opportunity for investors to reflect: could the stock head towards even higher targets, or is it reaching a valuation point that suggests taking some profits might be wise? The table below summarizes the current thoughts of analysts covering John Bean Technologies Corp:
| Recent JBT Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 2 | 2 | 2 | 2 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.25 | 2.25 | 2.25 | 2.25 |
The average rating in the table above ranges from 1 (Strong Buy) to 5 (Strong Sell). Data used in this article was provided by Zacks Investment Research through Quandl.com. You can access the latest Zacks research report on JBT at no cost.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
