The Manitowoc Company, Inc. (NYSE:MTW) Receives $10.66 Consensus Price Target from Analysts

Shares of The Manitowoc Company, Inc. (NYSE:MTW - Get Free Report) have earned a consensus rating of "Reduce" from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.66.

Separately, UBS Group lowered their price target on Manitowoc from $13.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, April 7th.

Institutional Investors Weigh In On Manitowoc

Several hedge funds have recently modified their holdings of MTW. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Manitowoc in the 4th quarter valued at $35,000. R Squared Ltd acquired a new stake in shares of Manitowoc during the 4th quarter worth approximately $66,000. Quantbot Technologies LP lifted its stake in Manitowoc by 20.9% in the fourth quarter. Quantbot Technologies LP now owns 10,257 shares of the industrial products company's stock valued at $94,000 after buying an additional 1,771 shares during the period. LPL Financial LLC increased its stake in Manitowoc by 10.0% in the fourth quarter. LPL Financial LLC now owns 11,374 shares of the industrial products company's stock valued at $104,000 after purchasing an additional 1,030 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Manitowoc by 3,309.6% during the first quarter. GAMMA Investing LLC now owns 12,138 shares of the industrial products company's stock worth $104,000 after purchasing an additional 11,782 shares during the period. 78.66% of the stock is owned by institutional investors.

Manitowoc Stock Performance

NYSE:MTW traded up $0.36 during mid-day trading on Friday, hitting $8.50. The stock had a trading volume of 378,558 shares, compared to its average volume of 288,608. The company has a current ratio of 1.97, a quick ratio of 0.60 and a debt-to-equity ratio of 0.70. The company has a 50 day simple moving average of $8.69 and a 200-day simple moving average of $9.46. The stock has a market capitalization of $301.08 million, a price-to-earnings ratio of 5.48 and a beta of 1.79. Manitowoc has a 52 week low of $7.06 and a 52 week high of $13.46.

Manitowoc (NYSE:MTW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). Manitowoc had a net margin of 2.56% and a return on equity of 2.46%. On average, research analysts expect that Manitowoc will post 0.5 earnings per share for the current fiscal year.

About Manitowoc

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. 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 hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.