Manitex International Inc (MNTX) Given $13.00 Average Target Price by Brokerages

Shares of Manitex International Inc (NASDAQ:MNTX) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus price target of $13.00 for the company and are expecting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Manitex International an industry rank of 109 out of 256 based on the ratings given to related companies.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Manitex International from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. ValuEngine downgraded shares of Manitex International from a “hold” rating to a “sell” rating in a research report on Friday, November 16th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. acquired a new position in Manitex International during the second quarter worth $122,000. Citadel Advisors LLC purchased a new position in Manitex International during the third quarter worth about $106,000. Rhumbline Advisers purchased a new position in Manitex International during the second quarter worth about $152,000. Private Advisor Group LLC purchased a new position in Manitex International during the second quarter worth about $166,000. Finally, Usca Ria LLC purchased a new position in Manitex International during the third quarter worth about $184,000. Hedge funds and other institutional investors own 55.80% of the company’s stock.

MNTX traded down $0.07 during trading hours on Friday, hitting $6.95. The company’s stock had a trading volume of 1,107 shares, compared to its average volume of 122,577. Manitex International has a 12 month low of $5.00 and a 12 month high of $13.26. The stock has a market capitalization of $131.66 million, a PE ratio of 34.50 and a beta of 1.38. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.92.

Manitex International (NASDAQ:MNTX) last announced its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Manitex International had a positive return on equity of 6.69% and a negative net margin of 1.28%. The business had revenue of $60.94 million during the quarter, compared to analysts’ expectations of $63.10 million. As a group, research analysts forecast that Manitex International will post 0.35 earnings per share for the current year.

About Manitex International

Manitex International, Inc provides engineered lifting solutions. The company designs, manufactures, and distributes products that are used in various industries. It offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development, including roads, bridges, and commercial construction.

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