According to a report from Stock Target Advisor Ratings, The Manitowoc Company, Inc. (MTW:NYE) has received an average “Hold” rating from the ten analysts that cover the company. Among these analysts, one has issued a “Buy” rating, seven have given a “Hold” rating, and two have rated the stock as a “Sell.” Additionally, the average 1-year target price among analysts who have issued a report on the Manitowoc stock in the past year is $14.13.
Manitowoc Stock-Analyst Ratings:
Recently, various brokerages have weighed in on MTW. Stifel Nicolaus and Robert W. Baird both boosted their price targets on shares of Manitowoc, with Stifel Nicolaus giving the company a “Hold” rating and Robert W. Baird rating the stock as “Neutral.” Meanwhile, Citigroup increased its price target from $11.00 to $21.00 and gave the company a “Neutral” rating.
Hedge Funds & Institutional Investors:
Several institutional investors and hedge funds have also recently modified their holdings of MTW. Tower Research Capital LLC TRC, UBS Group AG, and US Bancorp DE are among the institutions that have lifted their stakes in the company.
Manitowoc Stock Price Analysis:
Manitowoc currently has a fifty-two week low of $7.53 and a fifty-two week high of $20.20. The company’s market capitalization stands at $511.37 million, with a P/E ratio of -4.13 and a beta of 2.04. Manitowoc’s 50-day simple moving average is $16.20, while its 200-day simple moving average is $11.82.
Quarterly Earnings Review:
In its latest earnings report released on February 21st, Manitowoc beat analysts’ expectations with an EPS of $0.74 for the quarter, compared to a consensus estimate of $0.23.
The company also posted a positive return on equity of 6.09% and generated revenue of $621.60 million during the quarter. Manitowoc is projected to post an EPS of 0.85 for the current fiscal year, according to equities analysts.
Company Profile:
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.
The company serves a range of customers, including dealers, rental companies, contractors, and government entities in the petrochemical, industrial, commercial construction, power and utilities, infrastructure, and residential construction end markets. The Manitowoc Company, Inc. was founded in 1902 and is headquartered in Milwaukee, Wisconsin.
