Manitowoc Foodservice Inc. (MFS) Trading Down 0.5%
Manitowoc Foodservice Inc. (NYSE:MFS) traded down 0.5% on Friday . The company 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.
A number of equities research analysts have weighed in on the stock. Robert W. Baird downgraded shares of Manitowoc Foodservice from an “outperform” rating to a “neutral” rating and set a $17.00 price target on the stock. in a research note on Wednesday, June 8th. Citigroup Inc. reiterated a “hold” rating on shares of Manitowoc Foodservice in a research note on Saturday, May 14th. Finally, William Blair assumed coverage on shares of Manitowoc Foodservice in a research note on Tuesday, April 19th. They set a “market perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.00.
The company’s 50 day moving average is $16.73 and its 200 day moving average is $15.74.
Manitowoc Foodservice (NYSE:MFS) last released its quarterly earnings data 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 earned $325.50 million during the quarter, compared to analyst estimates of $341.20 million. On average, equities analysts predict that Manitowoc Foodservice Inc. will post $0.68 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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