The Manitowoc Company, Inc. (NYSE:MTW) Receives $11.76 Consensus Price Target from Analysts

The Manitowoc Company, Inc. (NYSE:MTWGet 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Manitowoc in the 4th quarter worth $35,000. R Squared Ltd bought a new stake in Manitowoc in the fourth quarter worth about $66,000. Quantbot Technologies LP lifted its holdings in Manitowoc by 20.9% in the 4th quarter. Quantbot Technologies LP now owns 10,257 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 1,771 shares during the last quarter. LPL Financial LLC boosted its position in shares of Manitowoc by 10.0% during the 4th quarter. LPL Financial LLC now owns 11,374 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 1,030 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Manitowoc by 3,309.6% in the 1st quarter. GAMMA Investing LLC now owns 12,138 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 11,782 shares in the last quarter. Institutional investors own 78.66% of the company’s stock.

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:MTWGet 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

(Get Free Report

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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Analyst Recommendations for Manitowoc (NYSE:MTW)

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