The Manitowoc Company, Inc. (NYSE:MTW – Get Free Report) has been assigned a consensus rating of “Reduce” from the five brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $10.66.
Separately, UBS Group cut their price objective on shares of Manitowoc from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th.
Read Our Latest Stock Report on MTW
Institutional Investors Weigh In On Manitowoc
Manitowoc Price Performance
Shares of NYSE:MTW opened at $7.64 on Monday. The company has a market cap of $268.56 million, a PE ratio of 4.93 and a beta of 1.79. Manitowoc has a fifty-two week low of $7.06 and a fifty-two week high of $13.87. The firm has a 50-day simple moving average of $9.55 and a 200 day simple moving average of $9.65. The company has a quick ratio of 0.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.70.
Manitowoc (NYSE:MTW – Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Manitowoc had a net margin of 2.56% and a return on equity of 2.46%. On average, sell-side analysts anticipate that Manitowoc will post 0.5 EPS for the current year.
About Manitowoc
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.
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