Manitowoc Co. (NYSE:MTW) had its price target dropped by stock analysts at Deutsche Bank AG from $5.25 to $4.84 in a report released on Wednesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 7.32% from the company’s current price.

A number of other equities analysts have also recently commented on MTW. Barclays PLC reduced their price target on Manitowoc from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Manitowoc in a report on Monday, August 8th. Citigroup Inc. reduced their price target on Manitowoc from $6.00 to $5.50 and set a “neutral” rating for the company in a report on Wednesday, August 10th. Credit Suisse Group AG reiterated a “hold” rating and set a $5.50 price target on shares of Manitowoc in a report on Tuesday, August 9th. Finally, Zacks Investment Research upgraded Manitowoc from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.36.

Analyst Recommendations for Manitowoc (NYSE:MTW)

Manitowoc (NYSE:MTW) traded down 0.66% during trading on Wednesday, hitting $4.51. The company had a trading volume of 1,119,052 shares. The stock has a 50-day moving average of $4.64 and a 200-day moving average of $5.18. The stock’s market capitalization is $620.47 million. Manitowoc has a one year low of $2.66 and a one year high of $6.15.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at

Manitowoc (NYSE:MTW) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Manitowoc had a positive return on equity of 9.23% and a negative net margin of 5.97%. The business earned $457.70 million during the quarter, compared to analysts’ expectations of $466.92 million. During the same quarter last year, the company posted $0.22 earnings per share. Manitowoc’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities analysts anticipate that Manitowoc will post ($0.09) EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. purchased a new position in shares of Manitowoc during the second quarter valued at approximately $387,000. Gray Financial Group GA ADV ADV bought a new stake in Manitowoc during the second quarter worth $134,000. Toth Financial Advisory Corp boosted its stake in Manitowoc by 2.3% in the second quarter. Toth Financial Advisory Corp now owns 195,700 shares of the company’s stock worth $1,067,000 after buying an additional 4,485 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Manitowoc during the first quarter worth $220,000. Finally, Bayesian Capital Management LP bought a new stake in Manitowoc during the first quarter worth $214,000. Institutional investors and hedge funds own 78.54% of the company’s stock.

About Manitowoc

The Manitowoc Company, Inc (MTW) is a multi-industry, capital goods manufacturer. The Company operates in two principal markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). Crane is a provider of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks.

5 Day Chart for NYSE:MTW

Receive News & Ratings for Manitowoc Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitowoc Co. and related companies with's FREE daily email newsletter.