JBTMarel Corp stock hits 52-week high at 169.97 USD
JBTMarel Corp's stock has reached a new 52-week high of $169.97 USD, representing a 31.77% appreciation over the past year. Despite not being profitable in the last twelve months, analysts expect the company to return to profitability this year with a forecasted EPS of $6.32 USD. The company also announced a quarterly cash dividend of $0.10 per share and received an upgrade from Jefferies from Hold to Buy, with a price target increase from $150.00 to $180.00, driven by expected earnings growth and recovery in food processing demand.
https://www.investing.com/news/company-news/jbtmarel-corp-stock-hits-52week-high-at-16997-usd-93CH-4494436