The Manitowoc Company, Inc. (NYSE:MTW – Get Rating) has been assigned a consensus recommendation of "Hold" from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $13.88.
A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Manitowoc from $11.00 to $14.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 22nd. Stifel Nicolaus lifted their price objective on Manitowoc from $12.00 to $13.00 and gave the stock a "hold" rating in a research report on Monday, December 19th. StockNews.com upgraded Manitowoc from a "hold" rating to a "buy" rating in a research report on Wednesday, March 1st. Robert W. Baird lifted their price objective on Manitowoc from $15.00 to $17.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 21st. Finally, The Goldman Sachs Group lifted their price objective on Manitowoc from $11.50 to $13.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 22nd.
Get Manitowoc alerts:Institutional Investors Weigh In On Manitowoc
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mutual Advisors LLC grew its stake in shares of Manitowoc by 125.4% in the second quarter. Mutual Advisors LLC now owns 46,740 shares of the industrial products company's stock valued at $492,000 after buying an additional 26,000 shares in the last quarter. Teton Advisors Inc. acquired a new stake in shares of Manitowoc in the second quarter valued at $152,000. Towle & Co grew its stake in shares of Manitowoc by 125.5% in the second quarter. Towle & Co now owns 1,621,615 shares of the industrial products company's stock valued at $17,076,000 after buying an additional 902,423 shares in the last quarter. Barclays PLC grew its stake in Manitowoc by 39.0% during the 3rd quarter. Barclays PLC now owns 30,127 shares of the industrial products company's stock worth $233,000 after purchasing an additional 8,452 shares in the last quarter. Finally, Front Street Capital Management Inc. grew its stake in Manitowoc by 3.0% during the 3rd quarter. Front Street Capital Management Inc. now owns 2,484,277 shares of the industrial products company's stock worth $19,253,000 after purchasing an additional 72,641 shares in the last quarter. Hedge funds and other institutional investors own 74.27% of the company's stock.
Manitowoc Stock Performance
Shares of NYSE:MTW opened at $17.75 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.71. The business's 50 day moving average price is $14.22 and its 200-day moving average price is $10.93. The firm has a market capitalization of $622.76 million, a PE ratio of -5.04 and a beta of 2.06. Manitowoc has a 1 year low of $7.53 and a 1 year high of $20.20.
Manitowoc (NYSE:MTW – Get Rating) last issued its quarterly earnings results on Tuesday, February 21st. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.51. Manitowoc had a positive return on equity of 6.09% and a negative net margin of 6.08%. The firm had revenue of $621.60 million for the quarter, compared to analyst estimates of $562.36 million. During the same period in the previous year, the company posted $0.27 earnings per share. As a group, equities research analysts expect that Manitowoc will post 0.84 earnings per share for the current fiscal year.
Manitowoc Company Profile
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The Manitowoc Co, Inc provides engineered lifting solutions. The firm designs, manufactures, markets and supports product lines of mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, boom trucks and industrial cranes under the Grove, Potain, Manitowoc, National Crane, Shuttlelift and Manitowoc Crane Care brand names.
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