Manitowoc Company, Inc. (The) (NYSE:MTW) has received an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $7.35.

Several brokerages have issued reports on MTW. Jefferies Group LLC reiterated a “buy” rating and issued a $9.50 price objective on shares of Manitowoc Company, Inc. (The) in a research report on Thursday. Royal Bank Of Canada reiterated a “hold” rating and issued a $6.50 price objective on shares of Manitowoc Company, Inc. (The) in a research report on Thursday, June 22nd. BidaskClub downgraded Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine upgraded Manitowoc Company, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, TheStreet upgraded Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a research report on Monday, August 7th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTW. Raymond James Financial Services Advisors Inc. grew its stake in shares of Manitowoc Company, Inc. (The) by 1.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 41,085 shares of the industrial products company’s stock worth $234,000 after purchasing an additional 406 shares during the period. Advisor Group Inc. grew its stake in shares of Manitowoc Company, Inc. (The) by 2.4% during the second quarter. Advisor Group Inc. now owns 24,120 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 572 shares during the period. Bank of America Corp DE grew its stake in shares of Manitowoc Company, Inc. (The) by 1.6% during the first quarter. Bank of America Corp DE now owns 90,840 shares of the industrial products company’s stock worth $518,000 after purchasing an additional 1,391 shares during the period. Birmingham Capital Management Co. Inc. AL grew its stake in shares of Manitowoc Company, Inc. (The) by 6.3% during the second quarter. Birmingham Capital Management Co. Inc. AL now owns 28,575 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 1,700 shares during the period. Finally, Nationwide Fund Advisors grew its stake in shares of Manitowoc Company, Inc. (The) by 1.7% during the first quarter. Nationwide Fund Advisors now owns 104,384 shares of the industrial products company’s stock worth $595,000 after purchasing an additional 1,783 shares during the period. 80.98% of the stock is owned by institutional investors.

Manitowoc Company, Inc. (MTW) traded up 2.575% on Friday, hitting $8.565. The stock had a trading volume of 930,180 shares. The firm’s 50-day moving average price is $7.78 and its 200-day moving average price is $6.33. The firm’s market cap is $1.20 billion. Manitowoc Company, Inc. has a 1-year low of $3.65 and a 1-year high of $8.57.

Manitowoc Company, Inc. (The) (NYSE:MTW) last issued its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $396.44 million. During the same quarter in the previous year, the company posted $0.03 EPS. The business’s revenue for the quarter was down 13.8% compared to the same quarter last year. On average, equities research analysts predict that Manitowoc Company, Inc. will post ($0.14) earnings per share for the current year.

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About Manitowoc Company, Inc. (The)

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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