Should I buy or sell Manitex International stock right now?

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. View MNTX analyst ratings or view top-rated stocks .

What is Manitex International's stock price target for 2024?

2 brokerages have issued 12 month price objectives for Manitex International's stock. Their MNTX share price targets range from $8.00 to $10.00. On average, they expect the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 52.8% from the stock's current price. View analysts price targets for MNTX or view top-rated stocks among Wall Street analysts .

How have MNTX shares performed in 2024?

Manitex International's stock was trading at $8.74 at the beginning of 2024. Since then, MNTX stock has decreased by 32.6% and is now trading at $5.89. View the best growth stocks for 2024 here .

When is Manitex International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our MNTX earnings forecast .

How were Manitex International's earnings last quarter?

Manitex International, Inc. (NASDAQ:MNTX) announced its quarterly earnings data on Thursday, February, 29th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.19. The industrial products company had revenue of $78.65 million for the quarter, compared to analysts' expectations of $74.83 million. Manitex International had a net margin of 2.52% and a trailing twelve-month return on equity of 16.98%.

What guidance has Manitex International issued on next quarter's earnings?

Manitex International updated its FY 2024 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $300.0 million-$310.0 million, compared to the consensus revenue estimate of $305.6 million.

What is David J. Langevin's approval rating as Manitex International's CEO?

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.

What other stocks do shareholders of Manitex International own?

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

How do I buy shares of Manitex International?

Shares of MNTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:MNTX

Manitex International (MNTX) Stock Price, News & Analysis

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$5.89

-0.33 (-5.31%)

(As of 04/18/2024 ET)

Compare

Today's Range: $5.79
▼
$6.25
50-Day Range: $5.50
▼
$8.00
52-Week Range: $3.72
▼
$9.16

Volume: 36,979 shs
Average Volume: 64,724 shs
Market Capitalization: $119.39 million

P/E Ratio: 16.36
Dividend Yield: N/A
Price Target: $9.00

Get Manitex International alerts:

Manitex International MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 52.8% Upside
$9.00 Price Target
Short Interest: Healthy
1.23% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 46.15%
From $0.39 to $0.57 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.01 out of 5 stars

Industrial Products Sector

42nd out of 163 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

4th out of 11 stocks

3.5

Analyst's Opinion

Consensus Rating
Manitex International has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Manitex International has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.23% of the float of Manitex International has been sold short.
Short Interest Ratio / Days to Cover
Manitex International has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Manitex International has recently decreased by 11.65%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Manitex International does not currently pay a dividend.
Dividend Growth
Manitex International does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MNTX.

2.9

News and Social Media Coverage

News Sentiment
Manitex International has a news sentiment score of 1.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Manitex International this week, compared to 0 articles on an average week.
Search Interest
Only 8 people have searched for MNTX on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Manitex International insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.26% of the stock of Manitex International is held by insiders.
Percentage Held by Institutions
46.01% of the stock of Manitex International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Manitex International are expected to grow by 46.15% in the coming year, from $0.39 to $0.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Manitex International is 16.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of Manitex International is 16.36, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.36.
Price to Book Value per Share Ratio
Manitex International has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Manitex International Stock (NASDAQ:MNTX)

Manitex International, Inc. provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms. In addition, the company manufactures and sells rough terrain cranes and material handling products; and truck mounted hydraulic knuckle boom cranes; and rents light and heavy-duty commercial construction equipments. It also sells its products through dealers and rental distribution channel. The company was formerly known as Veri-Tek International, Corp. and changed its name to Manitex International, Inc. in May 2008. Manitex International, Inc. was founded in 1993 and is headquartered in Bridgeview, Illinois.

MNTX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MNTX Stock News Headlines

April 17, 2024 | finance.yahoo.com

Should We Be Cautious About Manitex International, Inc.'s (NASDAQ:MNTX) ROE Of 9.9%?

April 4, 2024 | businesswire.com

Manitex International Announces First Deliveries of New Articulated Truck Mounted Crane From PM Group

April 18, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

March 31, 2024 | finance.yahoo.com

Returns On Capital Are Showing Encouraging Signs At Manitex International (NASDAQ:MNTX)

March 11, 2024 | businesswire.com

Manitex International to Attend the 36th Annual Roth Conference

March 3, 2024 | finance.yahoo.com

Manitex International, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

March 3, 2024 | finance.yahoo.com

Manitex International, Inc. (NASDAQ:MNTX) Q4 2023 Earnings Call Transcript

March 2, 2024 | seekingalpha.com

Manitex International, Inc. (MNTX) Q4 2023 Earnings Call Transcript

April 18, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

March 2, 2024 | finance.yahoo.com

Manitex International Full Year 2023 Earnings: Beats Expectations

February 29, 2024 | finance.yahoo.com

Manitex International Inc (MNTX) Reports Solid Q4 and Full-Year 2023 Results

February 29, 2024 | businesswire.com

Manitex International Reports Fourth Quarter and Full-Year 2023 Results

February 20, 2024 | finance.yahoo.com

Manitex International Announces Fourth Quarter and Full-Year 2023 Results Conference Call and Webcast Date

February 20, 2024 | businesswire.com

Manitex International Announces Fourth Quarter and Full-Year 2023 Results Conference Call and Webcast Date

January 24, 2024 | finance.yahoo.com

Manitex International Appoints Shinichi Iimura to Board of Directors

January 24, 2024 | finance.yahoo.com

Is Manitex International, Inc. (NASDAQ:MNTX) Trading At A 49% Discount?

January 24, 2024 | finance.yahoo.com

Chuck Royce Trims Position in Manitex International Inc

December 28, 2023 | finance.yahoo.com

Owning 46% shares,institutional owners seem interested in Manitex International, Inc. (NASDAQ:MNTX),

December 14, 2023 | finance.yahoo.com

Is Manitex International, Inc. (NASDAQ:MNTX) Potentially Undervalued?

November 30, 2023 | finance.yahoo.com

Those who invested in Manitex International (NASDAQ:MNTX) three years ago are up 42%

November 8, 2023 | finance.yahoo.com

Should You Be Concerned About Manitex International, Inc.'s (NASDAQ:MNTX) ROE?

November 5, 2023 | finance.yahoo.com

Manitex International, Inc. (NASDAQ:MNTX) Q3 2023 Earnings Call Transcript

November 3, 2023 | finance.yahoo.com

Q3 2023 Manitex International Inc Earnings Call

November 2, 2023 | finance.yahoo.com

Manitex International Reports Third Quarter 2023 Results

November 2, 2023 | finance.yahoo.com

Manitex International Inc (MNTX) Reports 9.7% Increase in Q3 2023 Net Revenue

October 25, 2023 | finance.yahoo.com

Manitex International Announces Third Quarter 2023 Results Conference Call and Webcast Date

September 15, 2023 | seekingalpha.com

Manitex International expects to post 2023 adjusted EBITDA between $27 - $29M

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Industrial Products
Industry: Special industry machinery, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:MNTX
CUSIP: N/A
CIK: 1302028
Web: www.manitexinternational.com
Phone: (708) 430-7500
Fax: 708-430-1335
Employees: 705
Year Founded: 1993

Price Target and Rating

Average Stock Price Target: $9.00
High Stock Price Target: $10.00
Low Stock Price Target: $8.00
Potential Upside/Downside: +52.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.36
Trailing P/E Ratio: 16.36
Forward P/E Ratio: 15.10
P/E Growth: N/A
Net Income: $7.36 million
Net Margins: 2.52%
Pretax Margin: 1.87%
Return on Equity: 16.98%
Return on Assets: 4.92%

Debt

Debt-to-Equity Ratio: 0.86
Current Ratio: 1.57
Quick Ratio: 0.68

Sales & Book Value

Annual Sales: $291.39 million
Price / Sales: 0.41
Cash Flow: $1.24 per share
Price / Cash Flow: 4.74
Book Value: $3.93 per share
Price / Book: 1.50

Miscellaneous

Outstanding Shares: 20,270,000
Free Float: 19,004,000
Market Cap: $119.39 million
Optionable: Optionable
Beta: 0.79

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Key Executives

Mr. David J. Langevin CPA (Age 73)
Executive Chairman
Comp: $459.5k
Mr. J. Michael Coffey (Age 52)
CEO & Director
Comp: $1.37M
Mr. Joseph R. Doolan CPA (Age 60)
CFO, Senior VP & Principal Accounting Officer
Comp: $678.95k
Mr. Stoyan Filipov (Age 56)
Special Advisor
Comp: $444.27k
Mr. Scott Rolston
Senior Vice President of Strategic Planning
Mr. Richard Mills
President of Manitex North American Manufacturing
Giovanni Tacconi
VP & Italian MD
Mr. Alberto Ranzi
Director of Human Resources - European Manufacturing
Mr. Roberto Chiesa
CFO - European Manufacturing
Steve Berner
VP & President of Rabern Rentals

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MNTX Stock Analysis - Frequently Asked Questions

Should I buy or sell Manitex International stock right now?: 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.
View MNTX analyst ratings or view top-rated stocks.
What is Manitex International's stock price target for 2024?: 2 brokerages have issued 12 month price objectives for Manitex International's stock. Their MNTX share price targets range from $8.00 to $10.00. On average, they expect the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 52.8% from the stock's current price.
View analysts price targets for MNTX or view top-rated stocks among Wall Street analysts.
How have MNTX shares performed in 2024?: Manitex International's stock was trading at $8.74 at the beginning of 2024. Since then, MNTX stock has decreased by 32.6% and is now trading at $5.89.
View the best growth stocks for 2024 here.
When is Manitex International's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MNTX earnings forecast.
How were Manitex International's earnings last quarter?: Manitex International, Inc. (NASDAQ:MNTX) announced its quarterly earnings data on Thursday, February, 29th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.19. The industrial products company had revenue of $78.65 million for the quarter, compared to analysts' expectations of $74.83 million. Manitex International had a net margin of 2.52% and a trailing twelve-month return on equity of 16.98%.

What guidance has Manitex International issued on next quarter's earnings?: Manitex International updated its FY 2024 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $300.0 million-$310.0 million, compared to the consensus revenue estimate of $305.6 million.
What is David J. Langevin's approval rating as Manitex International's CEO?: 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.
What other stocks do shareholders of Manitex International own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Manitex International investors own include Turquoise Hill Resources (TRQ), Trevena (TRVN), Universal Technical Institute (UTI), Advanced Micro Devices (AMD), Amyris (AMRS), Accuray (ARAY), Ardelyx (ARDX) and Anavex Life Sciences (AVXL).
How do I buy shares of Manitex International?: Shares of MNTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MNTX) was last updated on 4/18/2024 by MarketBeat.com Staff

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Manitex International (MNTX) Stock Price, News & Analysis

Manitex International MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Manitex International Stock (NASDAQ:MNTX)

MNTX Stock Price History

MNTX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

MNTX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™