CL King Begins Coverage on JBT Marel (NYSE:JBTM)

CL King initiated coverage on shares of JBT Marel (NYSE:JBTM) in a report published on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating and a $143.00 price target on the stock.

JBT Marel Stock Up 1.6 %

JBT Marel stock opened at $131.07 on Wednesday. The firm has a market cap of $4.17 billion, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 1.62 and a beta of 1.23. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. JBT Marel has a 52-week low of $82.64 and a 52-week high of $132.69.

About JBT Marel

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.