Manitex International Upgraded to Accumulate by Global Hunter Securities (MNTX)
Manitex International (NASDAQ:MNTX) was upgraded by equities researchers at Global Hunter Securities from a “neutral” rating to an “accumulate” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on MNTX. Analysts at Zacks downgraded shares of Manitex International from a “neutral” rating to an “underperform” rating in a research note on Friday, August 8th. They now have a $10.00 price target on the stock. Separately, analysts at ISI Group raised their price target on shares of Manitex International to $20.00 in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. Finally, analysts at Singular Research raised their price target on shares of Manitex International from $19.50 to $20.00 in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.00.
Manitex International (NASDAQ:MNTX) opened at 12.18 on Wednesday. Manitex International has a 52 week low of $10.00 and a 52 week high of $17.85. The stock’s 50-day moving average is $14.05 and its 200-day moving average is $15.64. The company has a market cap of $168.4 million and a P/E ratio of 15.68.
Manitex International (NASDAQ:MNTX) last released its earnings data on Wednesday, August 6th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.03. The company had revenue of $68.40 million for the quarter, compared to the consensus estimate of $72.17 million. During the same quarter last year, the company posted $0.22 earnings per share. Manitex International’s revenue was up 9.3% compared to the same quarter last year. On average, analysts predict that Manitex International will post $0.81 earnings per share for the current fiscal year.
Manitex International, Inc is engaged in providing engineered lifting solutions. The Company operates in two segments: Lifting Equipment segment and Equipment Distribution segment.
Receive News & Ratings for Manitex International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitex International Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.