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 on Tuesday . The company traded as high as $134.45 and last traded at $132.60, with a volume of 302866 shares trading hands. The stock had previously closed at $117.24.

Analysts Set New Price Targets

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

JBT Marel Stock Performance

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

JBT Marel (NYSE:JBTM) last announced its earnings results on Monday, February 24th. The company reported $1.70 earnings per share (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 business had revenue of $467.60 million for the quarter, compared to the consensus estimate of $490.23 million. On average, equities research analysts anticipate 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.