Manitowoc (MTW) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manitowoc in the last year. There are currently 1 sell rating and 8 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MTW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTW, but not buy additional shares or sell existing shares.
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9 Wall Street analysts have issued twelve-month price targets for Manitowoc's shares. Their MTW share price forecasts range from $10.00 to $21.00. On average, they anticipate the company's share price to reach $14.56 in the next twelve months. This suggests that the stock has a possible downside of 16.3%.
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Manitowoc's stock was trading at $9.16 at the start of the year. Since then, MTW shares have increased by 89.7% and is now trading at $17.38.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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The Manitowoc Company, Inc. (NYSE:MTW) issued its quarterly earnings results on Tuesday, May, 2nd. The industrial products company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.41. The industrial products company had revenue of $508.30 million for the quarter, compared to the consensus estimate of $479.97 million. Manitowoc had a positive trailing twelve-month return on equity of 8.98% and a negative net margin of 5.29%. The company's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 earnings per share.

First Trust Dow Jones Select Microcap Index Fund holds 93,676 shares of MTW stock, representing 1.05% of its portfolio.

Manitowoc shares reverse split before market open on Monday, November 20th 2017. The 1-4 reverse split was announced on Friday, November 17th 2017. The number of shares owned by shareholders was adjusted after the closing bell on Friday, November 17th 2017. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

28 employees have rated Manitowoc Chief Executive Officer Glen E. Tellock on Glassdoor.com. Glen E. Tellock has an approval rating of 47% among the company's employees. This puts Glen E. Tellock 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 Manitowoc investors own include Welbilt (WBT), Caterpillar (CAT), Gilead Sciences (GILD), Micron Technology (MU), Wells Fargo & Company (WFC), Costco Wholesale (COST), Allergan (AGN), Applied Materials (AMAT), Cisco Systems (CSCO) and Tesla (TSLA).

Manitowoc trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTW."

Manitowoc's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.74%), Front Street Capital Management Inc. (7.28%), Dimensional Fund Advisors LP (6.83%), Charles Schwab Investment Management Inc. (2.23%), State Street Corp (2.09%) and Geode Capital Management LLC (1.90%). Insiders that own company stock include Aaron H Ravenscroft, Anne E Belec, Brian P Regan, John Charles Pfeifer, Kenneth W Krueger and Leslie L Middleton.
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Shares of MTW 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 MTW stock can currently be purchased for approximately $17.38.

Manitowoc (NYSE:MTW) has a market capitalization of $610.73 million and generates $2.03 billion in revenue each year. The industrial products company earns $-123,600,000.00 in net income (profit) each year or ($3.15) on an earnings per share basis.

The company employs 4,800 workers across the globe.

Manitowoc's mailing address is 11270 West Park Place Suite 1000, Milwaukee WI, 53224. The official website for the company is www.manitowoccranes.com. The industrial products company can be reached via phone at (414) 760-4600, via email at ion.warner@manitowoc.com, or via fax at 920-683-8129.