Markets

Barclays Initiates Coverage of JBT Marel with Overweight Rating

· Nasdaq

Fintel reports that on September 8, 2026, Barclays initiated coverage of JBT Marel (NYSE:JBTM) with a Overweight recommendation.

This initiation on September 8, 2026, follows a recent rating action on August 25, 2026, when Keybanc also initiated coverage of the company with an Overweight rating. John Bean Technologies Corporation, based in the United States, is a leading company in the technology and services sector, primarily focusing on the food processing and air transportation industries. The company designs, manufactures, and services systems and products for its clients, with key projects including innovative food processing machinery for the global food industry and advanced airport equipment for ground support and gate services.

As of September 4, 2026, the pre-action close and latest close for the stock was $117.72. This represents a one-week price change of -0.48% from a baseline close of $118.29 on August 28, 2026, and a one-month price change of -11.13% from a baseline close of $132.47 on August 4, 2026. The current consensus target mean for the stock was $172.58 as of August 28, 2026, with a median target of $178.50, representing an implied change of +46.60%. This consensus target reflects a revision of -3.17% from the prior consensus target mean of $178.22 recorded on August 5, 2026.

In the recommendation period ending September 1, 2026, the current recommendation total stood at 14, consisting of 6 strong buy, 6 buy, 1 hold, 1 sell, and 0 strong sell recommendations. This represents 85.7% positive, 7.1% hold, and 7.1% negative recommendations. In the prior recommendation period ending August 1, 2026, the total was 13 recommendations, with 6 strong buy, 5 buy, 1 hold, 1 sell, and 0 strong sell ratings, representing 84.6% positive, 7.7% hold, and 7.7% negative recommendations.

The company reported its latest earnings on August 3, 2026, with an actual earnings per share of 1.95 against an estimate of 2.0587, representing an earnings surprise of -5.28%. Actual revenue was $981,000,000,000,000.00, compared to an estimate of $1,008,236,003,000,000.00. According to the company's Form 10-Q quarterly report filed on August 5, 2026, for the quarterly period ended June 30, 2026, treasury stock at cost was 199,800 shares as of June 30, 2026, compared to 0 shares as of December 31, 2025. The filing also reported additional paid-in capital of 2,726 and retained earnings of 1,527 as of June 30, 2026, compared to 2,717 and 1,465 as of December 31, 2025. For the six months ended June 30, 2026, net income was $73 million, compared to a net loss of $(170) million for the six months ended June 30, 2025.

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This story originally appeared on Fintel.