Manitowoc Foodservice Inc. (MFS) Reaches New 52-Week High at $18.27
Shares of Manitowoc Foodservice Inc. (NYSE:MFS) hit a new 52-week high on Monday . The company traded as high as $18.27 and last traded at $17.75, with a volume of 769,735 shares traded. The stock had previously closed at $16.85.
A number of analysts have recently weighed in on MFS shares. William Blair started coverage on shares of Manitowoc Foodservice in a research note on Tuesday, April 19th. They issued a “market perform” rating for the company. Citigroup Inc. started coverage on shares of Manitowoc Foodservice in a research note on Thursday, March 31st. They issued a “neutral” rating and a $15.00 price target for the company. Finally, Robert W. Baird lowered shares of Manitowoc Foodservice from an “outperform” rating to a “neutral” rating and set a $17.00 target price for the company. in a research note on Wednesday, June 8th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $15.00.
The company’s 50 day moving average is $16.73 and its 200-day moving average is $15.74.
Manitowoc Foodservice (NYSE:MFS) last announced its earnings results on Thursday, May 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $325.50 million for the quarter, compared to analyst estimates of $341.20 million. Equities research analysts expect that Manitowoc Foodservice Inc. will post $0.68 EPS for the current fiscal year.
Manitowoc Foodservice, Inc is a commercial foodservice equipment company. The Company designs, manufactures and services an integrated portfolio of hot and cold category products. The Company supplies foodservice equipment to commercial and institutional foodservice operators, such as full-service restaurants, quick-service restaurant chains, hotels, caterers, supermarkets, convenience stores, business and industry, hospitals, schools and other institutions.
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