Manitowoc Foodservice Inc. (MFS) Reaches New 12-Month High at $18.38
Manitowoc Foodservice Inc. (NYSE:MFS)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $18.38 and last traded at $18.27, with a volume of 215,763 shares changing hands. The stock had previously closed at $18.16.
Several equities analysts recently weighed in on MFS shares. William Blair started coverage on shares of Manitowoc Foodservice in a research report on Tuesday, April 19th. They set a “market perform” rating for the company. Citigroup Inc. started coverage on shares of Manitowoc Foodservice in a research report on Thursday, March 31st. They set a “neutral” rating and a $15.00 price target for the company. Zacks Investment Research lowered shares of Manitowoc Foodservice from a “buy” rating to a “hold” rating in a research 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 price target for the company. in a research report on Wednesday, June 8th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $16.57.
The company’s 50 day moving average is $17.32 and its 200-day moving average is $15.99.
Manitowoc Foodservice (NYSE:MFS) last released its quarterly earnings results on Thursday, May 12th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business earned $325.50 million during the quarter, compared to analysts’ expectations of $341.20 million. Equities research analysts expect that Manitowoc Foodservice Inc. will post $0.69 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.
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