Manitowoc Company, Inc. (The) (NYSE:MTW) has been given an average recommendation of “Hold” by the fifteen ratings firms that are covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $7.31.

MTW has been the subject of a number of recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $8.00 price target on shares of Manitowoc Company, Inc. (The) in a research report on Friday, June 16th. BidaskClub upgraded shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Monday, September 11th. TheStreet upgraded shares of Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a research report on Monday, August 7th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $6.25 price target on shares of Manitowoc Company, Inc. (The) in a research report on Tuesday, July 4th.

Shares of Manitowoc Company, Inc. (NYSE:MTW) traded up 0.54% during trading on Thursday, hitting $9.27. The stock had a trading volume of 762,087 shares. The firm has a 50-day moving average of $8.44 and a 200 day moving average of $6.68. Manitowoc Company, Inc. has a 1-year low of $3.65 and a 1-year high of $9.97. The company’s market capitalization is $1.30 billion.

Manitowoc Company, Inc. (The) (NYSE:MTW) last announced its earnings results on Monday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.09. The company had revenue of $394.60 million during the quarter, compared to analyst estimates of $396.44 million. Manitowoc Company, Inc. (The) had a negative net margin of 14.63% and a negative return on equity of 14.85%. The firm’s quarterly revenue was down 13.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 earnings per share. Equities research analysts predict that Manitowoc Company, Inc. will post ($0.14) earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in MTW. Dimensional Fund Advisors LP raised its stake in shares of Manitowoc Company, Inc. (The) by 33.0% in the first quarter. Dimensional Fund Advisors LP now owns 7,148,039 shares of the industrial products company’s stock valued at $40,744,000 after acquiring an additional 1,771,886 shares during the period. Southpoint Capital Advisors LP raised its stake in shares of Manitowoc Company, Inc. (The) by 29.2% in the second quarter. Southpoint Capital Advisors LP now owns 7,750,000 shares of the industrial products company’s stock valued at $46,578,000 after acquiring an additional 1,750,000 shares during the period. JHL Capital Group LLC raised its stake in shares of Manitowoc Company, Inc. (The) by 100.0% in the second quarter. JHL Capital Group LLC now owns 1,500,000 shares of the industrial products company’s stock valued at $9,015,000 after acquiring an additional 750,000 shares during the period. Vanguard Group Inc. raised its stake in shares of Manitowoc Company, Inc. (The) by 5.8% in the first quarter. Vanguard Group Inc. now owns 10,149,967 shares of the industrial products company’s stock valued at $57,854,000 after acquiring an additional 560,479 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Manitowoc Company, Inc. (The) by 14.2% in the second quarter. Franklin Resources Inc. now owns 3,549,300 shares of the industrial products company’s stock valued at $21,331,000 after acquiring an additional 440,000 shares during the period. 80.98% of the stock is currently owned by institutional investors and hedge funds.

Manitowoc Company, Inc. (The) Company Profile

The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.

Analyst Recommendations for Manitowoc Company, Inc. (The) (NYSE:MTW)

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