Shares of Manitowoc Foodservice Inc. (NYSE:MFS) have received a consensus recommendation of “Hold” from the eight analysts that are covering the firm. Six investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $16.80.
Several equities analysts recently weighed in on MFS shares. Robert W. Baird downgraded Manitowoc Foodservice from an “outperform” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research report on Wednesday, June 8th. William Blair upgraded Manitowoc Foodservice from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Monday, July 11th. Zacks Investment Research upgraded Manitowoc Foodservice from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Thursday, July 14th. Finally, Barclays PLC upped their price target on Manitowoc Foodservice from $13.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, August 15th.
An institutional investor recently bought a new position in Manitowoc Foodservice stock. Eos Focused Equity Management L.P. bought a new position in shares of Manitowoc Foodservice Inc. (NYSE:MFS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,450 shares of the company’s stock, valued at approximately $139,000. Manitowoc Foodservice makes up 0.1% of Eos Focused Equity Management L.P.’s investment portfolio, making the stock its 29th largest position. Institutional investors own 80.87% of the company’s stock.
Shares of Manitowoc Foodservice (NYSE:MFS) traded down 1.59% during trading on Friday, hitting $16.75. The stock had a trading volume of 121,528 shares. Manitowoc Foodservice has a 12-month low of $13.20 and a 12-month high of $18.94. The stock has a 50-day moving average of $16.75 and a 200 day moving average of $16.28. The firm has a market cap of $2.30 billion and a price-to-earnings ratio of 16.52.
Manitowoc Foodservice (NYSE:MFS) last released its earnings results 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 company earned $368.40 million during the quarter, compared to analysts’ expectations of $379 million. On average, analysts predict that Manitowoc Foodservice will post $0.65 earnings per share for the current fiscal year.
Manitowoc Foodservice Company Profile
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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