Manitowoc Foodservice Inc. (MFS) Reaches New 1-Year High at $18.94
Manitowoc Foodservice Inc. (NYSE:MFS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $18.94 and last traded at $17.89, with a volume of 113,934 shares trading hands. The stock had previously closed at $18.17.
A number of brokerages recently issued reports on MFS. Citigroup Inc. upped their price target on Manitowoc Foodservice from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, May 13th. William Blair raised Manitowoc Foodservice from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Monday, July 11th. Robert W. Baird downgraded Manitowoc Foodservice from an “outperform” rating to a “neutral” rating and set a $17.00 price target for the company. in a report on Wednesday, June 8th. Finally, Zacks Investment Research raised Manitowoc Foodservice from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Thursday, July 14th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Manitowoc Foodservice has an average rating of “Hold” and a consensus price target of $16.57.
The firm’s 50 day moving average is $17.44 and its 200-day moving average is $16.08.
Manitowoc Foodservice (NYSE:MFS) last announced its earnings results 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 had revenue of $325.50 million for the quarter, compared to analysts’ expectations of $341.20 million. Equities analysts predict that Manitowoc Foodservice Inc. will post $0.70 EPS 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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