Manitowoc Foodservice Inc. (MFS) Sees Large Volume Increase
Shares of Manitowoc Foodservice Inc. (NYSE:MFS) saw strong trading volume on Thursday . 1,664,366 shares traded hands during mid-day trading, an increase of 102% from the previous session’s volume of 823,576 shares.The stock last traded at $18.29 and had previously closed at $17.92.
MFS has been the topic of a number of recent research reports. William Blair initiated coverage on shares of Manitowoc Foodservice in a research report on Tuesday, April 19th. They set a “market perform” rating on the stock. Citigroup Inc. increased their price target on shares of Manitowoc Foodservice from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, May 13th. Robert W. Baird cut 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 report on Wednesday, June 8th. Finally, Zacks Investment Research upgraded shares of Manitowoc Foodservice from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, July 14th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $16.57.
The stock has a 50-day moving average of $17.52 and a 200 day moving average of $16.12.
Manitowoc Foodservice (NYSE:MFS) last posted its quarterly earnings data on Thursday, May 12th. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ 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. On average, equities analysts predict that Manitowoc Foodservice Inc. will post $0.70 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.