Somewhat Favorable News Coverage Somewhat Unlikely to Affect Manitowoc (MTW) Share Price
News articles about Manitowoc (NYSE:MTW) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Manitowoc earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 47.8092916908904 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Why Is Manitowoc (MTW) Down 5.3% Since Last Earnings Report? (zacks.com)
- The Manitowoc Company, Inc. (NYSE:MTW) Stock Analysis & Valuation Update as QIV Targets 50.00000 (zeelandpress.com)
- Dynamic volume-return relation of individual Stocks: Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), The Manitowoc … (thestreetpoint.com)
- Focusing The Bull-Eye on Shares The Manitowoc Company, Inc. (NYSE:MTW) as VC2 Reaches 36 (baycityobserver.com)
- Manitowoc Company Inc (MTW) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
MTW stock traded down $0.21 during trading hours on Friday, hitting $22.57. 10,890 shares of the stock were exchanged, compared to its average volume of 318,351. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.65 and a quick ratio of 0.73. The stock has a market capitalization of $828.71 million, a price-to-earnings ratio of -86.88 and a beta of 1.33. Manitowoc has a 12 month low of $21.18 and a 12 month high of $44.03.
Several equities research analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price target on shares of Manitowoc in a report on Sunday, August 12th. Macquarie raised their price target on Manitowoc from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Citigroup cut their price target on Manitowoc from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, August 8th. Seaport Global Securities set a $31.00 price target on Manitowoc and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, ValuEngine downgraded Manitowoc from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Manitowoc currently has an average rating of “Hold” and an average target price of $31.85.
In other news, CEO Barry Pennypacker acquired 19,600 shares of the stock in a transaction on Thursday, June 14th. The shares were purchased at an average price of $25.19 per share, for a total transaction of $493,724.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 2.82% of the stock is owned by company insiders.
Manitowoc Company Profile
The Manitowoc Company, Inc provides engineered lifting equipment for the construction industry in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks under the National Crane brand.
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