According to Zacks, “Manitowoc Foodservice, Inc. is a supplier of commercial foodservice equipment. The Company provides ranges, griddles, grills, combi ovens, convection ovens, conveyor ovens, induction cookers, steam jacketed kettles and steamers. Manitowoc Foodservice, Inc. is based in New Port Richey, FL. “
Several other equities analysts have also recently weighed in on MFS. William Blair upgraded shares of Manitowoc Foodservice from a market perform rating to an outperform rating and set a $21.00 price objective on the stock in a research note on Monday, July 11th. Barclays PLC increased their target price on shares of Manitowoc Foodservice from $13.00 to $16.00 and gave the stock an equal weight rating in a report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Manitowoc Foodservice currently has a consensus rating of Hold and a consensus target price of $17.14.
Shares of Manitowoc Foodservice (NYSE:MFS) opened at 16.36 on Tuesday. The company has a market capitalization of $2.24 billion and a price-to-earnings ratio of 16.13. Manitowoc Foodservice has a one year low of $13.20 and a one year high of $18.94. The stock has a 50 day moving average of $16.36 and a 200-day moving average of $16.50.
Manitowoc Foodservice (NYSE:MFS) last issued its quarterly earnings data on Thursday, August 11th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The firm had revenue of $368.40 million for the quarter, compared to analysts’ expectations of $379 million. On average, equities analysts expect that Manitowoc Foodservice will post $0.65 earnings per share for the current year.
A hedge fund recently bought a new stake in Manitowoc Foodservice stock. Highwater Wealth Management LLC bought a new stake in Manitowoc Foodservice Inc. (NYSE:MFS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the company’s stock, valued at approximately $176,000. Manitowoc Foodservice accounts for approximately 9.8% of Highwater Wealth Management LLC’s portfolio, making the stock its 5th largest position. Institutional investors own 80.86% of the company’s stock.
About Manitowoc Foodservice
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 operates through three segments: Americas, EMEA and APAC. The Americas segment includes the United States, Canada and Latin America.
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