Manitowoc Foodservice Inc. (MFS) Sees Strong Trading Volume
Manitowoc Foodservice Inc. (NYSE:MFS) saw an uptick in trading volume on Tuesday . 1,517,095 shares were traded during mid-day trading, an increase of 44% from the previous session’s volume of 1,056,031 shares.The stock last traded at $18.01 and had previously closed at $17.85.
A number of research firms have recently commented on MFS. Citigroup Inc. increased their price objective on Manitowoc Foodservice from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, May 13th. Robert W. Baird downgraded 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. Finally, William Blair began coverage on Manitowoc Foodservice in a report on Tuesday, April 19th. They issued a “market perform” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Manitowoc Foodservice presently has an average rating of “Hold” and an average target price of $16.00.
The stock has a 50-day moving average price of $16.87 and a 200-day moving average price of $15.79.
Manitowoc Foodservice (NYSE:MFS) last issued its quarterly earnings data on Thursday, May 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business earned $325.50 million during the quarter, compared to the consensus estimate of $341.20 million. Equities analysts forecast 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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