Welbilt found using ticker (WBT) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 24 and 24 calculating the mean target price we have 24. Given that the stocks previous close was at 23.79 this now indicates there is a potential upside of .9%. The 50 day moving average now sits at 23.74 and the 200 day MA is 23.42. The market cap for the company is $3,374m. You can visit the company’s website by visiting: https://www.welbilt.com
The potential market cap would be $3,404m based on the market concensus.
Welbilt, designs, manufactures, and supplies foodservice equipment for commercial foodservice market worldwide. The company offers commercial upright and undercounter refrigerators and freezers, blast freezers and chillers, and cook-chill systems under the Delfield brand; and walk-in refrigerators, coolers and freezers, and prefabricated cooler and freezer panels under the Kolpak brand. It also provides traditional, combination, convection, conveyor, and rapid-cooking ovens, and range and grill products under the Convotherm, Garland, Lincoln, and Merrychef brands; fryers and frying systems under the Frymaster brand; and steam equipment under the Cleveland brand. In addition, the company offers cafeteria and buffet equipment stations, bins, boxes, warming cabinets, warmers, display and deli cases, and insulated and refrigerated salad and food bars under the Delfield, Merco, and other brand names; beverage dispensers, blended ice machines, ice/beverage dispensers, beer coolers, post-mix dispensing valves, backroom equipment, and support system components and related equipment; ice machines under the Manitowoc and other brand names; coffee equipment under the Crem brand name; and other beverage-related products under the Multiplex and Manitowoc brand names. Further, it provides after-market parts, and installation and start-up, and preventative maintenance services; spare parts supply for Welbilt products under the KitchenCare brand; designed kitchens under FitKitchen brand; and KitchenConnect, a cloud based-application. It supplies its products to full-service restaurants, quick-service restaurant chains, hotels, resorts, cruise ships, caterers, supermarkets, convenience stores, hospitals, schools, and other institutions through dealers and distributors. The company was formerly known as Manitowoc Foodservice and changed its name to Welbilt in February 2017. Welbilt was founded in 1864 and is headquartered in New Port Richey, Florida.
