The Manitowoc Company, Inc. (NYSE:MTW) Given Consensus Rating of “Hold” by Analysts

The Manitowoc Company, Inc. (NYSE:MTWGet Rating) has been given an average rating of “Hold” by the ten brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $11.69.

Several brokerages recently issued reports on MTW. William Blair reissued a “market perform” rating on shares of Manitowoc in a report on Tuesday, November 8th. Wells Fargo & Company cut their price target on shares of Manitowoc from $12.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, October 24th. Credit Suisse Group cut their price target on shares of Manitowoc from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, November 9th. The Goldman Sachs Group cut their price target on shares of Manitowoc from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, November 9th. Finally, StockNews.com began coverage on shares of Manitowoc in a report on Wednesday, October 12th. They set a “hold” rating for the company.

Manitowoc Price Performance

NYSE:MTW opened at $11.90 on Friday. The company has a 50-day moving average of $9.93 and a 200-day moving average of $9.74. The company has a market capitalization of $418.70 million, a price-to-earnings ratio of 24.79 and a beta of 2.05. Manitowoc has a 52 week low of $7.53 and a 52 week high of $18.81. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.56 and a current ratio of 1.82.

Manitowoc (NYSE:MTWGet Rating) last released its quarterly earnings data on Monday, November 7th. The industrial products company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $454.70 million during the quarter, compared to the consensus estimate of $493.68 million. Manitowoc had a net margin of 0.89% and a return on equity of 3.25%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned $0.06 EPS. As a group, equities research analysts anticipate that Manitowoc will post 0.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Manitowoc

Several institutional investors have recently modified their holdings of MTW. Tower Research Capital LLC TRC grew its position in shares of Manitowoc by 104.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,285 shares of the industrial products company’s stock worth $25,000 after buying an additional 1,681 shares during the period. Lazard Asset Management LLC acquired a new position in Manitowoc during the second quarter valued at approximately $32,000. SeaCrest Wealth Management LLC acquired a new position in Manitowoc during the second quarter valued at approximately $43,000. UBS Group AG grew its holdings in Manitowoc by 165.6% during the third quarter. UBS Group AG now owns 5,928 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 3,696 shares during the period. Finally, US Bancorp DE grew its holdings in Manitowoc by 43.6% during the first quarter. US Bancorp DE now owns 3,775 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 1,146 shares during the period. Institutional investors and hedge funds own 74.27% of the company’s stock.

About Manitowoc

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The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.

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Analyst Recommendations for Manitowoc (NYSE:MTW)

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