Manitowoc Company PT Lowered to $26.00 (MTW)
Stock analysts at Global Hunter Securities lowered their price target on shares of Manitowoc Company (NYSE:MTW) from $30.00 to $26.00 in a report issued on Friday. Global Hunter Securities’ price objective suggests a potential downside of 3.85% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird cut their price target on shares of Manitowoc Company from $38.00 to $34.00 in a research note on Friday. Separately, analysts at Barclays cut their price target on shares of Manitowoc Company from $36.00 to $32.00 in a research note on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Manitowoc Company from $33.00 to $28.00 in a research note on Friday. They now have a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $30.53.
Manitowoc Company (NYSE:MTW) traded up 1.81% during mid-day trading on Friday, hitting $27.04. The stock had a trading volume of 4,438,855 shares. Manitowoc Company has a one year low of $18.12 and a one year high of $33.50. The stock’s 50-day moving average is $30.77 and its 200-day moving average is $29.54. The company has a market cap of $3.650 billion and a price-to-earnings ratio of 31.85.
Manitowoc Company (NYSE:MTW) last released its earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.07. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts expect that Manitowoc Company will post $1.63 EPS for the current fiscal year.
The Manitowoc Company, Inc (NYSE:MTW) is a multi-industry, capital goods manufacturer.
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