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 $7.8 million.
  • JBT has traded 22,189 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 processing and air transportation industries. It operates through JBT FoodTech and JBT AeroTech segments. The stock currently has a dividend yield of 0.9%. JBT has a PE ratio of 27. 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 125,300 shares per day over the past 30 days. John Bean has a market cap of $1.2 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.43 and a short float of 2.4% with 3.29 days to cover. Shares are up 26.4% year-to-date as of the close of trading on Tuesday.

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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, compelling growth in net income and solid stock price performance. 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 came in higher than the industry average of 18.3%. Since the same quarter one year prior, revenues slightly increased by 2.8%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • 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.
  • 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 26.3% when compared to the same quarter one year prior, rising from $11.40 million to $14.40 million.
  • Net operating cash flow has significantly increased by 1020.00% to $9.20 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 -27.98%.
  • Powered by its strong earnings growth of 26.31% and other important driving factors, this stock has surged by 43.68% over the past year, outperforming the rise in the S&P 500 Index during the same period. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.

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