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Manitowoc Foodservice Inc (NYSE:MFS) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Manitowoc Foodservice Inc (NYSE:MFS) to Sell in a statement released on 10/18/2016.

On Wednesday June 08, 2016, Robert W. Baird released a statement about Manitowoc Foodservice Inc (NYSE:MFS) upped the target price from $0.00 to $17.00 that suggested a downside of -0.02%.

Having a price of $16.38, Manitowoc Foodservice Inc (NYSE:MFS) traded -1.09% lower on the day. With the last stock price close down -0.68% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Manitowoc Foodservice Inc has recorded a 50-day average of $16.35 and a two hundred day average of $16.49. Volume of trade was down over the average, with 668,105 shares of MFS changing hands under the typical 682,637

Performance Chart

Manitowoc Foodservice Inc (NYSE:MFS)

With a total market value of $0, Manitowoc Foodservice Inc has price-earnings ratio of 16.15 with a 52 week low of $13.20 and a 52 week high of $18.94 .

In addition to Zacks Investment Research reporting its target price, a total of 5 firms have issued a report on the stock. The consensus target price is $16.10 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Manitowoc Foodservice Inc (NYSE:MFS)

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. The EMEA segment consists of markets in Europe, Middle East and Africa, including Russia and the commonwealth of independent states. The APAC segment consists of markets in China, Singapore, Australia, India, Malaysia, Indonesia, Thailand and the Philippines. The Company supplies foodservice equipment to commercial and institutional foodservice operators, such as restaurants, hotels, caterers, supermarkets, convenience stores, business and industry, hospitals, schools and other institutions. The Company's products include Convotherm 4, Merrychef eikon, Indigo Ice Machine, Koolaire, Chick-fil-A Broiler, Merco IntelliHold Series and Frymaster FilterQuick.

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