Analysts Set The Manitowoc Company, Inc. (NYSE:MTW) Price Target at $10.25

Shares of The Manitowoc Company, Inc. (NYSE:MTW) have earned a consensus recommendation of “Reduce” from the five ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $10.25.

MTW has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Manitowoc in a research note on Monday, December 22nd. Wall Street Zen raised Manitowoc from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Finally, Wells Fargo & Company assumed coverage on Manitowoc in a research note on Thursday, November 13th. They issued an “underweight” rating and a $9.00 target price for the company.

Manitowoc Stock Performance

Shares of MTW stock opened at $12.21 on Friday. The firm has a market capitalization of $433.23 million, a price-to-earnings ratio of 7.68 and a beta of 1.88. The stock has a fifty day moving average of $11.66 and a 200 day moving average of $11.30. Manitowoc has a 52 week low of $7.06 and a 52 week high of $13.61. The company has a quick ratio of 0.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.70.

Manitowoc (NYSE:MTW) last issued its quarterly earnings data on Tuesday, June 7th. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter. Manitowoc had a net margin of 2.63% and a return on equity of 0.87%. The company had revenue of $354.30 million for the quarter. As a group, research analysts expect that Manitowoc will post 0.5 earnings per share for the current year.

Institutional Trading of Manitowoc

Hedge funds have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in shares of Manitowoc in the 3rd quarter worth about $47,000. Tower Research Capital LLC TRC grew its holdings in Manitowoc by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 2,575 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Manitowoc during the second quarter valued at approximately $84,000. CWM LLC increased its stake in shares of Manitowoc by 669.9% during the second quarter. CWM LLC now owns 7,329 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 6,377 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in shares of Manitowoc during the second quarter valued at approximately $105,000. Institutional investors own 78.66% of the company’s stock.

Manitowoc Company Profile

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company’s product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.