Manitowoc Food Service, Inc. (NYSE:MFS) has earned a consensus rating of “Hold” from the ten research firms that are presently covering the company. Six investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $18.57.
A number of research firms have commented on MFS. Barclays PLC reaffirmed a “hold” rating and set a $19.00 target price on shares of Manitowoc Food Service in a report on Tuesday, January 10th. Zacks Investment Research raised Manitowoc Food Service from a “sell” rating to a “hold” rating in a report on Wednesday, November 9th. Dougherty & Co began coverage on Manitowoc Food Service in a report on Thursday, February 2nd. They set a “buy” rating and a $21.00 target price on the stock. Finally, Seaport Global Securities began coverage on Manitowoc Food Service in a report on Wednesday, November 16th. They issued a “buy” rating and a $22.00 price target on the stock.
In related news, SVP Maurice D. Jones sold 3,400 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $17.84, for a total value of $60,656.00. Following the sale, the senior vice president now directly owns 159,594 shares in the company, valued at approximately $2,847,156.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Institutional investors have recently modified their holdings of the stock. Oak Ridge Investments LLC purchased a new position in shares of Manitowoc Food Service during the third quarter valued at about $29,156,000. Victory Capital Management Inc. boosted its position in shares of Manitowoc Food Service by 158.4% in the third quarter. Victory Capital Management Inc. now owns 2,354,638 shares of the company’s stock worth $38,193,000 after buying an additional 1,443,490 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Manitowoc Food Service during the third quarter worth about $14,940,000. Investec Asset Management LTD boosted its position in shares of Manitowoc Food Service by 11.7% in the fourth quarter. Investec Asset Management LTD now owns 5,429,339 shares of the company’s stock worth $104,949,000 after buying an additional 566,583 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Manitowoc Food Service by 17.8% in the third quarter. Morgan Stanley now owns 3,000,880 shares of the company’s stock worth $48,674,000 after buying an additional 453,124 shares during the last quarter. Institutional investors own 82.50% of the company’s stock.
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Manitowoc Food Service (NYSE:MFS) opened at 19.25 on Monday. Manitowoc Food Service has a 52 week low of $11.56 and a 52 week high of $19.91. The stock has a market cap of $2.66 billion and a PE ratio of 21.56. The stock has a 50 day moving average price of $19.12 and a 200 day moving average price of $17.45.
Manitowoc Food Service 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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