Manitowoc Foodservice Inc. (MFS) Hits New 52-Week High at $18.27
Manitowoc Foodservice Inc. (NYSE:MFS)’s share price 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. The stock had previously closed at $16.85.
A number of equities analysts have recently weighed in on the company. Citigroup Inc. restated a “hold” rating on shares of Manitowoc Foodservice in a research note on Saturday, May 14th. William Blair upgraded Manitowoc Foodservice from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Monday. Finally, Robert W. Baird downgraded Manitowoc Foodservice from an “outperform” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research note on Wednesday, June 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $16.00.
The company’s 50-day moving average is $16.87 and its 200-day moving average is $15.79.
Manitowoc Foodservice (NYSE:MFS) last announced its earnings results on Thursday, May 12th. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. The business had revenue of $325.50 million for the quarter, compared to the consensus estimate of $341.20 million. Equities analysts predict that Manitowoc Foodservice Inc. will post $0.69 earnings per share for the current 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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