Manitowoc Foodservice Inc. (MFS) Stock Price Down 1.9%
Manitowoc Foodservice Inc. (NYSE:MFS) fell 1.9% on Thursday . The stock traded as low as $17.46 and last traded at $17.60, with a volume of 294,300 shares changing hands. The stock had previously closed at $17.94.
Several brokerages have weighed in on MFS. Zacks Investment Research raised shares of Manitowoc Foodservice from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday. Robert W. Baird cut shares of Manitowoc Foodservice from an “outperform” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Wednesday, June 8th. William Blair raised shares of Manitowoc Foodservice from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research report on Monday. Finally, Citigroup Inc. increased their price target on shares of Manitowoc Foodservice from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, May 13th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $16.57.
The company has a 50-day moving average of $16.93 and a 200 day moving average of $15.81.
Manitowoc Foodservice (NYSE:MFS) last released its quarterly earnings data on Thursday, May 12th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $325.50 million for the quarter, compared to the consensus estimate of $341.20 million. Analysts anticipate that Manitowoc Foodservice Inc. will post $0.69 EPS 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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