Manitowoc Co. (NYSE:MTW) fell 1.1% on Wednesday . The company traded as low as $5.56 and last traded at $5.65, with a volume of 818,601 shares changing hands. The stock had previously closed at $5.71.

Several research analysts have commented on the stock. Robert W. Baird restated a “hold” rating on shares of Manitowoc in a research report on Sunday, May 8th. Credit Suisse Group AG restated a “buy” rating on shares of Manitowoc in a research report on Sunday, March 27th. Citigroup Inc. restated a “hold” rating on shares of Manitowoc in a research report on Saturday, April 2nd. Vetr upgraded shares of Manitowoc from a “hold” rating to a “buy” rating and set a $5.95 target price for the company in a research report on Thursday, May 19th. Finally, Seaport Global Securities upgraded shares of Manitowoc from a “neutral” rating to a “buy” rating and upped their target price for the stock from $5.00 to $7.00 in a research report on Friday, May 6th. One investment 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’s stock. The stock currently has an average rating of “Hold” and an average target price of $10.70.

The stock’s 50 day moving average price is $5.55 and its 200-day moving average price is $8.08. The stock’s market cap is $772.09 million.

Manitowoc (NYSE:MTW) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.02. The business had revenue of $427.40 million for the quarter, compared to analysts’ expectations of $365.29 million. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS. Equities research analysts forecast that Manitowoc Co. will post $0.11 EPS for the current fiscal year.

Several hedge funds and institutional investors have modified their holdings of the stock. Harris Associates L P raised its position in shares of Manitowoc by 41.9% in the fourth quarter. Harris Associates L P now owns 6,594,824 shares of the company’s stock valued at $101,231,000 after buying an additional 1,946,224 shares during the period. California State Teachers Retirement System raised its position in Manitowoc by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 260,376 shares of the company’s stock valued at $3,997,000 after buying an additional 4,186 shares during the last quarter. Morgan Stanley raised its position in Manitowoc by 22.9% in the fourth quarter. Morgan Stanley now owns 6,029,565 shares of the company’s stock valued at $92,554,000 after buying an additional 1,124,450 shares during the last quarter. Sei Investments Co. raised its position in Manitowoc by 1,178.1% in the fourth quarter. Sei Investments Co. now owns 192,576 shares of the company’s stock valued at $2,956,000 after buying an additional 177,509 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Manitowoc by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 352,600 shares of the company’s stock valued at $5,412,000 after buying an additional 9,800 shares during the last quarter.

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.

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