Investment analysts at CL King initiated coverage on shares of JBT Marel (NYSE:JBTM - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm set a "buy" rating and a $143.00 price target on the stock. CL King's price target points to a potential upside of 10.90% from the stock's current price.
JBT Marel Stock Performance
Shares of JBT Marel stock traded up $2.42 during trading on Wednesday, hitting $128.95. The stock had a trading volume of 529,138 shares, compared to its average volume of 978,438. 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 $4.11 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 1.63 and a beta of 1.23. JBT Marel has a 1 year low of $82.64 and a 1 year high of $132.69.
JBT Marel Company Profile
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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.
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