News articles about Manitowoc Food Service (NYSE:WBT) have been trending somewhat negative this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Manitowoc Food Service earned a media sentiment score of -0.06 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 48.5065265066414 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of equities analysts recently weighed in on the company. Zacks Investment Research cut Manitowoc Food Service from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Citigroup Inc. lifted their price target on Manitowoc Food Service from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. KeyCorp reissued a “buy” rating and issued a $25.00 price target on shares of Manitowoc Food Service in a research note on Thursday, October 12th. Longbow Research assumed coverage on Manitowoc Food Service in a research note on Tuesday, October 10th. They issued a “neutral” rating on the stock. Finally, Robert W. Baird set a $22.00 price target on Manitowoc Food Service and gave the stock a “buy” rating in a research note on Thursday, August 24th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.29.

Shares of Manitowoc Food Service (NYSE WBT) traded up $0.07 during midday trading on Thursday, reaching $21.37. The company’s stock had a trading volume of 665,408 shares, compared to its average volume of 794,992. Manitowoc Food Service has a 12-month low of $17.18 and a 12-month high of $23.46. The firm has a market cap of $2,970.00 and a price-to-earnings ratio of 30.96. The company has a debt-to-equity ratio of 29.38, a current ratio of 1.35 and a quick ratio of 0.79.

Manitowoc Food Service (NYSE:WBT) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). Manitowoc Food Service had a negative return on equity of 2,645.52% and a net margin of 6.14%. The business had revenue of $380.40 million for the quarter, compared to analyst estimates of $387.05 million. The business’s revenue was down .9% on a year-over-year basis. equities research analysts forecast that Manitowoc Food Service will post 0.78 EPS for the current fiscal year.

In other Manitowoc Food Service news, Director Brian R. Gamache acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average cost of $19.68 per share, for a total transaction of $196,800.00. Following the transaction, the director now owns 14,776 shares of the company’s stock, valued at approximately $290,791.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.67% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://www.thecerbatgem.com/2017/11/16/somewhat-negative-news-coverage-somewhat-unlikely-to-affect-manitowoc-food-service-wbt-share-price.html.

About Manitowoc Food Service

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.

Insider Buying and Selling by Quarter for Manitowoc Food Service (NYSE:WBT)

Receive News & Stock Ratings for Manitowoc Food Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitowoc Food Service Inc. and related stocks with our FREE daily email newsletter.