Manitex International (MNTX) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Manitex International in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MNTX shares.
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2 brokers have issued 12-month price objectives for Manitex International's stock. Their MNTX share price forecasts range from $8.00 to $10.00. On average, they anticipate the company's stock price to reach $9.00 in the next twelve months. This suggests a possible upside of 98.2% from the stock's current price.
View analysts price targets for MNTX or view top-rated stocks among Wall Street analysts.

Manitex International's stock was trading at $4.00 on January 1st, 2023. Since then, MNTX stock has increased by 13.5% and is now trading at $4.54.
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Manitex International saw a increase in short interest in August. As of August 31st, there was short interest totaling 7,300 shares, an increase of 25.9% from the August 15th total of 5,800 shares. Based on an average trading volume of 14,900 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our MNTX earnings forecast.

Manitex International, Inc. (NASDAQ:MNTX) posted its earnings results on Thursday, August, 3rd. The industrial products company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. The industrial products company had revenue of $73.53 million for the quarter, compared to analyst estimates of $71 million. Manitex International had a negative net margin of 0.85% and a positive trailing twelve-month return on equity of 8.57%.

Manitex International updated its FY 2023 earnings guidance on Thursday, September, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $282.00 million-$287.00 million, compared to the consensus revenue estimate of $281.24 million.

3 employees have rated Manitex International Chief Executive Officer David J. Langevin on Glassdoor.com. David J. Langevin has an approval rating of 62% among the company's employees. This puts David J. Langevin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Manitex International investors own include Turquoise Hill Resources (TRQ), Gold Resource (GORO), Trevena (TRVN), Universal Technical Institute (UTI), Advanced Micro Devices (AMD), Amyris (AMRS), Accuray (ARAY), Ardelyx (ARDX) and Anavex Life Sciences (AVXL).

Manitex International trades on the NASDAQ under the ticker symbol "MNTX."

Manitex International's stock is owned by many different institutional and retail investors. Top institutional shareholders include Royce & Associates LP (7.31%), WealthTrust Axiom LLC (4.95%), Cannell Capital LLC (2.16%), Dimensional Fund Advisors LP (1.85%), Kennedy Capital Management LLC (1.52%) and Legato Capital Management LLC (0.63%). Insiders that own company stock include David J Langevin, Joseph Doolan and Michael Coffey.
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Shares of MNTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MNTX stock can currently be purchased for approximately $4.54.

Manitex International (NASDAQ:MNTX) has a market capitalization of $91.94 million and generates $273.85 million in revenue each year. The industrial products company earns $-4,900,000.00 in net income (profit) each year or ($0.09) on an earnings per share basis.

The company employs 601 workers across the globe.

Manitex International's mailing address is 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL, 60455. The official website for the company is www.manitexinternational.com. The industrial products company can be reached via phone at (708) 430-7500, via email at djlangevin@manitexinternational.com, or via fax at 708-430-1335.