Barclays Has Lowered Expectations for Manitowoc (NYSE:MTW) Stock Price

Key Points

• Barclays cut its target for Manitowoc from $13.00 to $11.00 and kept an "underweight" rating, implying about a 9% downside from the current share price.
• The broader analyst backdrop is negative: MarketBeat shows a consensus rating of "Strong Sell" with a $10.50 consensus target, while firms like Weiss and Wells Fargo have recently moved to or reiterated sell/underweight views (Wells Fargo target $10.00).
• Shares traded at $12.11 (up 3.9% midday); the company reported Q EPS of $0.26 (miss) and revenue of $677.1M (beat), set FY2026 EPS guidance of $0.45–$0.90, and has a market cap of about $435M with a P/E around 63.7.

Manitowoc (NYSE:MTW - Get Free Report) had its target price reduced by equities researchers at Barclays from $13.00 to $11.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an "underweight" rating on the industrial products company's stock. Barclays's target price would indicate a potential downside of 9.13% from the stock's current price.

Several other equities research analysts have also recently issued reports on the company. Weiss Ratings cut Manitowoc from a "hold (c)" rating to a "sell (d+)" rating in a report on Friday, February 20th. Wall Street Zen lowered Manitowoc from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 14th. Finally, Wells Fargo & Company reiterated an "underweight" rating and set a $10.00 target price (up from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Strong Sell" and a consensus target price of $10.50.

Manitowoc Trading Up 3.9%

Shares of NYSE MTW traded up $0.46 during midday trading on Wednesday, reaching $12.11. 74,812 shares of the stock were exchanged, compared to its average volume of 278,419. The stock has a 50 day moving average price of $13.45 and a 200-day moving average price of $12.18. The company has a current ratio of 2.23, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $434.67 million, a P/E ratio of 63.71 and a beta of 1.82. Manitowoc has a 52-week low of $7.06 and a 52-week high of $15.56.

Manitowoc (NYSE:MTW - Get Free Report) last announced its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $677.10 million for the quarter, compared to analysts' expectations of $637.00 million. Manitowoc had a net margin of 0.32% and a return on equity of 1.71%. The business's quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. Equities research analysts expect that Manitowoc will post 0.5 earnings per share for the current fiscal year.

Institutional Trading of Manitowoc

Institutional investors have recently made changes to their positions in the stock. Garner Asset Management Corp acquired a new position in shares of Manitowoc during the fourth quarter worth about $36,000. Tower Research Capital LLC TRC raised its holdings in shares of Manitowoc by 131.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company's stock valued at $55,000 after buying an additional 2,575 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Manitowoc during the 3rd quarter valued at about $47,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Manitowoc during the 2nd quarter worth approximately $84,000. Finally, Caxton Associates LLP purchased a new position in Manitowoc in the 1st quarter worth approximately $112,000. 78.66% of the stock is owned by hedge funds and other institutional investors.

Manitowoc Company Profile

The Manitowoc Company, Inc NYSE: MTW is a global manufacturer of heavy-lift cranes and lifting equipment. The company's product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.

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