A number of firms have modified their ratings and price targets on shares of Manitowoc Company, Inc. (The) (NYSE: MTW) recently:

  • 10/11/2017 – Manitowoc Company, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Manitowoc's second-quarter orders are pegged at $379.5 million, up 9% year over year despite challenging end markets. The overall global market sentiment for lattice boom crawlers and rough-terrain cranes remains soft in the quarter. Demand continues to be muted in the Americas and the Middle East region due to weak rental and used equipment. However, Manitowoc is making significant progress in the implementation of The Manitowoc Way to drive four key strategic priorities – margin expansion, growth, innovation and velocity that will aid it deliver double-digit margin growth in the long term. The company has outperformed the industry year-to-date. Its estimates have gone up lately.”
  • 10/9/2017 – Manitowoc Company, Inc. (The) had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $8.07 price target on the stock, up previously from $7.85.
  • 10/6/2017 – Manitowoc Company, Inc. (The) had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $10.50 price target on the stock.
  • 9/21/2017 – Manitowoc Company, Inc. (The) had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $9.50 price target on the stock.
  • 9/11/2017 – Manitowoc Company, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.00 price target on the stock. According to Zacks, “Manitowoc's second-quarter orders are pegged at $379.5 million, up 9% year over year despite challenging end markets. The company noted few sections of growth in specific markets within North America and European markets continue to grow at a modest pace, underscored by residential and nonresidential project activity.This bodes well for performance in the third quarter of 2017. Manitowoc's estimates have undergone positive revisions lately. The company will also gain from its focus on consolidating manufacturing footprint and reducing cost of organizational structure. Manitowoc is making significant progress in the implementation of The Manitowoc Way to drive four key strategic priorities – margin expansion, growth, innovation and velocity that will aid it deliver double-digit margin growth in the long term. The company has also outperformed the industry in the past year.”
  • 8/17/2017 – Manitowoc Company, Inc. (The) was upgraded by analysts at J P Morgan Chase & Co from an “underweight” rating to a “neutral” rating. They now have a $7.00 price target on the stock, up previously from $6.00.

Shares of Manitowoc Company, Inc. (NYSE MTW) traded up 1.30% on Thursday, reaching $9.34. The company’s stock had a trading volume of 271,197 shares. The firm’s market capitalization is $1.31 billion. The firm has a 50-day moving average price of $8.44 and a 200 day moving average price of $6.68. Manitowoc Company, Inc. has a one year low of $3.65 and a one year high of $9.97.

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

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.

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