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

The Manitowoc Company, Inc. (NYSE:MTW) has received a consensus rating of “Reduce” from the six analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $12.47.

Several analysts have recently commented on MTW shares. StockNews.com upgraded Manitowoc from a “sell” rating to a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on shares of Manitowoc from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Robert W. Baird dropped their target price on shares of Manitowoc from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, November 1st.

Manitowoc Price Performance

Shares of NYSE:MTW opened at $8.77 on Friday. Manitowoc has a 1-year low of $8.50 and a 1-year high of $17.65. The firm has a market capitalization of $308.06 million, a PE ratio of -32.48 and a beta of 1.83. The company has a current ratio of 1.97, a quick ratio of 0.60 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $9.96 and its 200-day moving average is $10.24.

Manitowoc (NYSE:MTW) last posted its earnings results on Wednesday, October 30th. The industrial products company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.14). The firm had revenue of $524.80 million during the quarter, compared to the consensus estimate of $516.49 million. Manitowoc had a positive return on equity of 2.40% and a negative net margin of 0.40%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. Sell-side analysts predict that Manitowoc will post 0.46 earnings per share for the current year.

Institutional Trading of Manitowoc

A number of institutional investors have recently modified their holdings of MTW. Isthmus Partners LLC boosted its stake in shares of Manitowoc by 1.8% during the 2nd quarter. Isthmus Partners LLC now owns 214,984 shares of the industrial products company’s stock worth $25,000 after buying an additional 3,767 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Manitowoc during the 2nd quarter worth approximately $26,000. US Bancorp DE raised its stake in shares of Manitowoc by 88.1% during the 3rd quarter. US Bancorp DE now owns 2,834 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 1,327 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Manitowoc in the 3rd quarter valued at approximately $51,000. Finally, Point72 Asset Management L.P. raised its position in Manitowoc by 63.0% during the second quarter. Point72 Asset Management L.P. now owns 4,728 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 1,828 shares in the last quarter. 78.66% of the stock is currently owned by institutional investors.

Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. 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.