Last Updated: 19 Sep 2024
Executive Summary
John Bean Technologies Corporation (JBT) is a leading provider of technology solutions for the food and beverage industry and equipment and services for the air transportation industries. The company has a strong financial position with a market capitalization of $2.91 billion, EBITDA of $252.1 million, and EPS of $4.26. JBT's trailing PE ratio of 21.46 is slightly above the industry average, but its forward PE ratio of 15.97 is attractive. The company's 52-week high is $109.46, and its 52-week low is $82.64. The latest stock price is $91.42.
Company Overview
JBT was founded in 1905 and is headquartered in Chicago, Illinois. The company has a global presence with operations in over 100 countries. JBT's food and beverage solutions include equipment for processing, packaging, and distribution. The company's air transportation solutions include equipment for ground handling, cargo handling, and passenger boarding.
Fundamental Analysis
JBT's financial performance has been strong in recent years. The company's revenue has grown at a CAGR of 5.5% over the past five years. JBT's EBITDA margin has also improved, from 17.5% in 2017 to 23.3% in 2023. The company's EPS has grown at a CAGR of 10.2% over the past five years.
JBT's balance sheet is also strong. The company has a low level of debt and a high level of cash. JBT's return on assets is 4.19%, and its return on equity is 11.3%.
Technical Analysis
JBT's stock price has been in a downtrend since early 2023. The stock price broke below its 50-day moving average in March 2023 and has been trading below it ever since. The stock price also broke below its 200-day moving average in June 2023.
The relative strength index (RSI) for JBT is currently at 35.43, which is in the oversold territory. This indicates that the stock may be due for a rebound.
Short Term Outlook
The short-term outlook for JBT is mixed. The stock price is currently trading below its 50-day and 200-day moving averages, and the RSI is in the oversold territory. This indicates that the stock may be due for a rebound. However, the overall market sentiment is negative, and this could weigh on JBT's stock price in the short term.
Long Term Outlook
The long-term outlook for JBT is positive. The company has a strong financial position and a solid track record of growth. JBT is also well-positioned to benefit from the growing demand for food and beverage processing equipment and air transportation services.
Analyst Recommendations
Analysts have a mixed view on JBT. One analyst has a strong buy rating on the stock, one analyst has a buy rating, one analyst has a hold rating, and one analyst has a sell rating. The average analyst target price for JBT is $110.33.
