JBT Marel Corporation (NYSE:JBTM – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $165.20.
JBTM has been the subject of a number of recent research reports. Robert W. Baird reduced their target price on shares of JBT Marel from $188.00 to $171.00 and set an “outperform” rating for the company in a report on Thursday. KeyCorp initiated coverage on shares of JBT Marel in a report on Tuesday, August 25th. They issued an “overweight” rating and a $150.00 price target on the stock. Wall Street Zen downgraded shares of JBT Marel from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Barclays began coverage on shares of JBT Marel in a research note on Tuesday, September 8th. They set an “overweight” rating and a $150.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of JBT Marel in a research report on Wednesday, September 2nd.
View Our Latest Stock Report on JBT Marel
JBT Marel Trading Up 0.1%
JBT Marel (NYSE:JBTM – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.The company had revenue of $981.00 million for the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. As a group, equities research analysts anticipate that JBT Marel will post 8.04 earnings per share for the current fiscal year.
JBT Marel Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. JBT Marel’s dividend payout ratio is presently 10.90%.
Institutional Trading of JBT Marel
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in JBT Marel in the second quarter worth about $1,150,221,000. Bamco Inc. NY acquired a new position in shares of JBT Marel during the second quarter valued at about $95,781,000. Norges Bank purchased a new position in shares of JBT Marel in the 4th quarter valued at approximately $98,435,000. William Blair Investment Management LLC purchased a new position in shares of JBT Marel in the 2nd quarter valued at approximately $67,480,000. Finally, Bank of America Corp DE acquired a new stake in JBT Marel in the 2nd quarter worth approximately $61,185,000. Institutional investors and hedge funds own 98.92% of the company’s stock.
About JBT Marel
JBT Marel Corporation is a global food technology company that develops equipment, systems and services for the processing, preparation, packaging and handling of food and beverages. Its solutions are used by food producers, processors and manufacturers across the poultry, meat, seafood, prepared foods, fruit and vegetables, pet food, dairy and beverage industries.
The company’s portfolio includes systems for portioning, weighing, sorting, grading, marinating, cooking, freezing, filling, packaging and automated material handling.
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