News coverage about Manitowoc Food Service (NYSE:WBT) has been trending positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Manitowoc Food Service earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 47.93403337411 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Manitowoc Food Service (NYSE WBT) traded up 0.67% during midday trading on Friday, hitting $19.54. The stock had a trading volume of 4,013,370 shares. Manitowoc Food Service has a 12-month low of $14.93 and a 12-month high of $21.13. The stock has a market cap of $2.72 billion, a P/E ratio of 33.75 and a beta of 2.28. The company’s 50-day moving average price is $19.27 and its 200 day moving average price is $19.36.

Manitowoc Food Service (NYSE:WBT) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $371.10 million for the quarter, compared to analyst estimates of $367.28 million. Manitowoc Food Service had a negative return on equity of 280.03% and a net margin of 5.57%. The firm’s revenue was up .7% compared to the same quarter last year. On average, equities research analysts predict that Manitowoc Food Service will post $0.72 earnings per share for the current fiscal year.

Several brokerages have commented on WBT. Zacks Investment Research upgraded Manitowoc Food Service from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Thursday, July 13th. Barclays PLC increased their target price on Manitowoc Food Service from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $21.40.

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In other news, SVP Joel H. Horn sold 1,561 shares of Manitowoc Food Service stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $19.23, for a total value of $30,018.03. Following the transaction, the senior vice president now directly owns 3,515 shares in the company, valued at $67,593.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company’s stock.

Manitowoc Food Service Company Profile

Welbilt, Inc, formerly Manitowoc Foodservice, Inc, is a commercial foodservice equipment company. The Company designs, manufactures and supplies food and beverage equipment for the global commercial foodservice market, offering customers operator and patron insights, kitchen solutions, culinary expertise, and implementation support and service.

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