JBT Stock Summary and Trading Ideas (John Bean Techs | NYSE:JBT)

John Bean Technologies Corp is a food tech business that provides both customized and turnkey industrial solutions for the food and beverage industry, including a large variety of protein processing and packaging solutions, as well as fruit and juice extraction and ready-to-eat solutions.

John Bean Techs trades on the NYSE stock market under the symbol JBT.

As of May 6, 2024, JBT stock price climbed to $92.04 with 98,699 million shares trading.

JBT has a beta of 1.21, meaning it tends to be more sensitive to market movements. JBT has a correlation of 0.31 to the broad based SPY ETF.

JBT has a market cap of $2.93 billion. This is considered a Mid Cap stock.

Last quarter John Bean Techs reported $392 million in Revenue and $.85 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.01.

In the last 3 years, JBT stock traded as high as $177.56 and as low as $81.59.

The top ETF exchange traded funds that JBT belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

JBT has underperformed the market in the last year with a price return of -13.1% while the SPY ETF gained +28.0%. JBT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.8% and +0.4%, respectively, while the SPY returned +4.6% and +4.1%, respectively.

JBT support price is $89.00 and resistance is $93.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JBT stock will trade within this expected range on the day.