Manitex International Stock Price, News & Analysis (NASDAQ:MNTX)

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Manitex International in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MNTX shares.
View MNTX analyst ratings or view top-rated stocks.

2 analysts have issued 12-month price targets for Manitex International's stock. Their MNTX share price targets range from $8.00 to $10.00. On average, they anticipate the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 25.2% from the stock's current price.
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Manitex International's stock was trading at $4.00 at the beginning of 2023. Since then, MNTX stock has increased by 79.8% and is now trading at $7.19.
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Manitex International saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 29,300 shares, an increase of 196.0% from the October 31st total of 9,900 shares. Based on an average trading volume of 59,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 13th 2024.
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Manitex International, Inc. (NASDAQ:MNTX) released its quarterly earnings results on Thursday, November, 2nd. The industrial products company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.09. The industrial products company had revenue of $71.33 million for the quarter, compared to analysts' expectations of $67.48 million. Manitex International had a trailing twelve-month return on equity of 11.50% and a net margin of 0.91%.

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's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include First Wilshire Securities Management Inc. (5.11%), WealthTrust Axiom LLC (4.88%), Pacific Ridge Capital Partners LLC (4.81%), Ameriprise Financial Inc. (4.43%), Essex Investment Management Co. LLC (1.60%) and Kennedy Capital Management LLC (1.56%). 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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