Manitowoc - MTW Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Manitowoc in the last twelve months. There are currently 1 sell rating and 6 hold ratings for the stock. The consensus among Wall Street equities research 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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7 equities research analysts have issued 12-month price targets for Manitowoc's stock. Their MTW share price forecasts range from $11.00 to $17.50. On average, they expect the company's share price to reach $13.07 in the next year. This suggests a possible upside of 51.8% from the stock's current price.
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Manitowoc's stock was trading at $18.59 at the start of the year. Since then, MTW shares have decreased by 53.7% and is now trading at $8.61.
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Manitowoc saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 596,300 shares, a drop of 9.4% from the August 15th total of 658,300 shares. Based on an average daily volume of 314,400 shares, the short-interest ratio is presently 1.9 days. Currently, 1.8% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our MTW earnings forecast.

The Manitowoc Company, Inc. (NYSE:MTW) issued its quarterly earnings data on Thursday, August, 4th. The industrial products company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.36 by $0.15. The industrial products company earned $497.20 million during the quarter, compared to the consensus estimate of $553.68 million. Manitowoc had a trailing twelve-month return on equity of 3.05% and a net margin of 0.77%. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share.

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."

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 $8.61.

Manitowoc (NYSE:MTW) has a market capitalization of $302.90 million and generates $1.72 billion in revenue each year. The industrial products company earns $11 million in net income (profit) each year or $0.40 on an earnings per share basis.

The company employs 4,600 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.