Trade-Ideas LLC identified

John Bean Technologies

(

JBT

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified John Bean Technologies as such a stock due to the following factors:

  • JBT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $11.0 million.
  • JBT has traded 14,537 shares today.
  • JBT is trading at a new lifetime high.

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More details on JBT:

John Bean Technologies Corporation designs, manufactures, tests, and services products and systems for food and beverage, and air transportation industries. It operates through JBT FoodTech and JBT AeroTech segments. The stock currently has a dividend yield of 0.7%. JBT has a PE ratio of 29. Currently there is 1 analyst that rates John Bean Technologies a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for John Bean Technologies has been 174,300 shares per day over the past 30 days. John Bean has a market cap of $1.6 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.38 and a short float of 2.9% with 4.06 days to cover. Shares are up 6.9% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates John Bean Technologies as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 20.2%. Since the same quarter one year prior, revenues rose by 20.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • JOHN BEAN TECHNOLOGIES has improved earnings per share by 37.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, JOHN BEAN TECHNOLOGIES increased its bottom line by earning $1.88 versus $1.03 in the prior year. This year, the market expects an improvement in earnings ($2.22 versus $1.88).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Machinery industry. The net income increased by 37.5% when compared to the same quarter one year prior, rising from $15.20 million to $20.90 million.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Machinery industry and the overall market, JOHN BEAN TECHNOLOGIES's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly increased by 124.12% to $64.10 million when compared to the same quarter last year. In addition, JOHN BEAN TECHNOLOGIES has also vastly surpassed the industry average cash flow growth rate of -2.03%.

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