Manitowoc Foodservice Inc. (MFS) Sets New 12-Month High at $18.94
Manitowoc Foodservice Inc. (NYSE:MFS) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $18.94 and last traded at $17.89, with a volume of 113,934 shares. The stock had previously closed at $18.17.
A number of equities research analysts have issued reports on MFS shares. William Blair started coverage on shares of Manitowoc Foodservice in a report on Tuesday, April 19th. They set a “market perform” rating on the stock. Citigroup Inc. increased their target price on shares of Manitowoc Foodservice from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, May 13th. Zacks Investment Research lowered shares of Manitowoc Foodservice from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Robert W. Baird lowered shares of Manitowoc Foodservice from an “outperform” rating to a “neutral” rating and set a $17.00 target price on the stock. in a report on Wednesday, June 8th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.57.
The firm’s 50 day moving average price is $17.50 and its 200 day moving average price is $16.12.
Manitowoc Foodservice (NYSE:MFS) last announced its quarterly earnings results on Thursday, May 12th. The company reported $0.13 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 analyst estimates of $341.20 million. On average, equities analysts anticipate that Manitowoc Foodservice Inc. will post $0.70 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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