Manitowoc Company, Inc. (The) (NYSE:MTW)‘s stock had its “buy” rating reiterated by Jefferies Group LLC in a research note issued on Wednesday. They currently have a $9.50 price target on the industrial products company’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 21.79% from the stock’s current price.

A number of other analysts also recently issued reports on MTW. TheStreet upgraded shares of Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a report on Monday. Credit Suisse Group lifted their price target on shares of Manitowoc Company, Inc. (The) from $6.10 to $8.00 and gave the company a “neutral” rating in a report on Wednesday. Robert W. Baird upgraded shares of Manitowoc Company, Inc. (The) from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $6.00 to $10.00 in a report on Wednesday, August 2nd. Deutsche Bank AG lifted their price target on shares of Manitowoc Company, Inc. (The) from $5.81 to $7.85 and gave the company a “hold” rating in a report on Wednesday. Finally, BidaskClub upgraded shares of Manitowoc Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $6.54.

Manitowoc Company, Inc. (NYSE:MTW) remained flat at $7.80 on Wednesday. The company’s stock had a trading volume of 2,884,786 shares. The stock has a 50-day moving average of $5.93 and a 200 day moving average of $6.01. The company’s market cap is $1.10 billion. Manitowoc Company, Inc. has a 12 month low of $3.65 and a 12 month high of $8.04.

Manitowoc Company, Inc. (The) (NYSE:MTW) last announced its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09. The company had revenue of $394.60 million for the quarter, compared to the consensus estimate of $396.44 million. Manitowoc Company, Inc. (The) had a negative net margin of 14.63% and a negative return on equity of 14.86%. Manitowoc Company, Inc. (The)’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 EPS. Equities research analysts predict that Manitowoc Company, Inc. will post ($0.30) earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Manitowoc Company, Inc. (The) by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 729,204 shares of the industrial products company’s stock worth $4,155,000 after buying an additional 45,461 shares during the period. Eos Focused Equity Management L.P. acquired a new stake in Manitowoc Company, Inc. (The) during the first quarter worth $1,371,000. Daiwa Securities Group Inc. acquired a new stake in Manitowoc Company, Inc. (The) during the first quarter worth $2,039,000. Canada Pension Plan Investment Board increased its stake in Manitowoc Company, Inc. (The) by 96.4% in the first quarter. Canada Pension Plan Investment Board now owns 196,800 shares of the industrial products company’s stock worth $1,122,000 after buying an additional 96,600 shares during the period. Finally, Emerald Advisers Inc. PA increased its stake in Manitowoc Company, Inc. (The) by 1,649.5% in the first quarter. Emerald Advisers Inc. PA now owns 1,646,016 shares of the industrial products company’s stock worth $9,382,000 after buying an additional 1,551,930 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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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