Jefferies Group LLC restated their buy rating on shares of Manitowoc Company, Inc. (The) (NYSE:MTW) in a report issued on Thursday morning. They currently have a $9.50 target price on the industrial products company’s stock.

A number of other research analysts have also commented on MTW. ValuEngine raised Manitowoc Company, Inc. (The) from a strong sell rating to a sell rating in a report on Friday, June 2nd. Royal Bank Of Canada reaffirmed a hold rating and issued a $6.50 price objective on shares of Manitowoc Company, Inc. (The) in a report on Thursday, June 22nd. Deutsche Bank AG reaffirmed a hold rating and issued a $6.25 price objective on shares of Manitowoc Company, Inc. (The) in a report on Tuesday, July 4th. Zacks Investment Research lowered Manitowoc Company, Inc. (The) from a hold rating to a sell rating in a report on Wednesday, July 12th. Finally, BidaskClub lowered Manitowoc Company, Inc. (The) from a hold rating to a sell rating in a report on Wednesday, July 19th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $7.35.

Shares of Manitowoc Company, Inc. (MTW) opened at 8.57 on Thursday. 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 $8.58. The firm’s 50-day moving average is $7.78 and its 200-day moving average is $6.33.

Manitowoc Company, Inc. (The) (NYSE:MTW) last issued its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $396.44 million. During the same period in the prior year, the firm posted $0.03 EPS. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. On average, analysts anticipate that Manitowoc Company, Inc. will post ($0.14) EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in MTW. Dimensional Fund Advisors LP grew its holdings in shares of Manitowoc Company, Inc. (The) by 33.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,148,039 shares of the industrial products company’s stock worth $40,744,000 after purchasing an additional 1,771,886 shares in the last quarter. Southpoint Capital Advisors LP grew its holdings in shares of Manitowoc Company, Inc. (The) by 29.2% during the 2nd quarter. Southpoint Capital Advisors LP now owns 7,750,000 shares of the industrial products company’s stock worth $46,578,000 after purchasing an additional 1,750,000 shares in the last quarter. JHL Capital Group LLC grew its holdings in shares of Manitowoc Company, Inc. (The) by 100.0% during the 2nd quarter. JHL Capital Group LLC now owns 1,500,000 shares of the industrial products company’s stock worth $9,015,000 after purchasing an additional 750,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Manitowoc Company, Inc. (The) by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 10,149,967 shares of the industrial products company’s stock worth $57,854,000 after purchasing an additional 560,479 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Manitowoc Company, Inc. (The) by 14.2% during the 2nd quarter. Franklin Resources Inc. now owns 3,549,300 shares of the industrial products company’s stock worth $21,331,000 after purchasing an additional 440,000 shares in the last quarter. 80.98% of the stock is currently owned by institutional investors.

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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