JBT Marel (NYSE:JBTM) Sets New 12-Month High – Time to Buy?

JBT Marel Corp (NYSE:JBTM)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $134.45 and last traded at $132.60, with a volume of 302866 shares traded. The stock had previously closed at $117.24.

Analyst Ratings Changes

Separately, CL King started coverage on shares of JBT Marel in a research report on Wednesday, January 22nd. They set a “buy” rating and a $143.00 price target on the stock.

JBT Marel Price Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The company has a market cap of $4.21 billion, a P/E ratio of 24.55, a P/E/G ratio of 1.56 and a beta of 1.23.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings data on Monday, February 24th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.10). JBT Marel had a net margin of 10.25% and a return on equity of 10.16%. The firm had revenue of $467.60 million for the quarter, compared to analysts’ expectations of $490.23 million. As a group, analysts expect that JBT Marel Corp will post 5.21 earnings per share for the current year.

About JBT Marel

JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.