Manitowoc Foodservice Inc. (MFS) Trading Down 1.9%
Manitowoc Foodservice Inc. (NYSE:MFS) shares were down 1.9% during mid-day trading on Thursday . The company 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.
A number of research analysts have issued reports on MFS shares. Citigroup Inc. reissued a “hold” rating on shares of Manitowoc Foodservice in a research note on Saturday, May 14th. Zacks Investment Research upgraded Manitowoc Foodservice from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Thursday. William Blair assumed coverage on Manitowoc Foodservice in a report on Tuesday, April 19th. They issued a “market perform” rating on the stock. Finally, Robert W. Baird lowered Manitowoc Foodservice from an “outperform” rating to a “neutral” rating and set a $17.00 price target on the stock. in a report on Wednesday, June 8th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $16.57.
The stock has a 50 day moving average of $17.03 and a 200-day moving average of $15.85.
Manitowoc Foodservice (NYSE:MFS) last issued its quarterly earnings results on Thursday, May 12th. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The business had revenue of $325.50 million for the quarter, compared to analyst estimates of $341.20 million. On average, analysts expect 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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