Manitowoc Foodservice Inc. (MFS) Sees Strong Trading Volume
Shares of Manitowoc Foodservice Inc. (NYSE:MFS) saw an uptick in trading volume on Thursday . 1,664,366 shares were traded during trading, an increase of 102% from the previous session’s volume of 823,576 shares.The stock last traded at $18.29 and had previously closed at $17.92.
MFS has been the subject of several research analyst reports. Citigroup Inc. upped 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. William Blair upgraded 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, July 11th. Robert W. Baird downgraded 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. Finally, Zacks Investment Research upgraded 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, July 14th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.57.
The stock has a 50 day moving average price of $17.61 and a 200-day moving average price of $16.17.
Manitowoc Foodservice (NYSE:MFS) last issued its quarterly earnings results on Thursday, May 12th. The company reported $0.13 EPS for the quarter, topping the 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. Analysts anticipate that Manitowoc Foodservice Inc. will post $0.70 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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