Manitowoc Foodservice Inc. (MFS) Sets New 12-Month High at $18.38
Manitowoc Foodservice Inc. (NYSE:MFS) hit a new 52-week high on Wednesday . The company traded as high as $18.38 and last traded at $18.27, with a volume of 215,763 shares trading hands. The stock had previously closed at $18.16.
A number of equities research analysts have commented on MFS shares. Citigroup Inc. increased their price target on Manitowoc Foodservice from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, May 13th. William Blair upgraded Manitowoc Foodservice from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Monday, July 11th. Robert W. Baird cut Manitowoc Foodservice from an “outperform” rating to a “neutral” rating and set a $17.00 price target for the company. in a research note on Wednesday, June 8th. Finally, Zacks Investment Research upgraded Manitowoc Foodservice from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Thursday, July 14th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Manitowoc Foodservice presently has a consensus rating of “Hold” and an average price target of $16.57.
The stock has a 50-day moving average of $17.38 and a 200 day moving average of $16.04.
Manitowoc Foodservice (NYSE:MFS) last posted its quarterly earnings data on Thursday, May 12th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The firm earned $325.50 million during the quarter, compared to analysts’ expectations of $341.20 million. Equities analysts predict that Manitowoc Foodservice Inc. will post $0.69 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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