Manitowoc Foodservice Inc. (NYSE:MFS) shares dropped 0.5% on Friday . The stock traded as low as $16.96 and last traded at $17.17, with a volume of 399,971 shares. The stock had previously closed at $17.25.

MFS has been the subject of several research reports. Citigroup Inc. reiterated a “hold” rating on shares of Manitowoc Foodservice in a research note on Saturday, May 14th. BB&T Corp. reiterated a “hold” rating on shares of Manitowoc Foodservice in a research note on Friday, March 11th. William Blair began coverage on Manitowoc Foodservice in a report on Tuesday, April 19th. They set a “market perform” rating on the stock. Finally, Robert W. Baird cut Manitowoc Foodservice from an “outperform” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a report on Wednesday, June 8th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $15.00.

The stock has a 50 day moving average price of $16.70 and a 200 day moving average price of $15.72.

Manitowoc Foodservice (NYSE:MFS) last posted its quarterly earnings results on Thursday, May 12th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The business earned $325.50 million during the quarter, compared to analysts’ expectations of $341.20 million. On average, analysts forecast that Manitowoc Foodservice Inc. will post $0.68 earnings per share for the current fiscal 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.