Manitowoc - MTW Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manitowoc in the last twelve months. There are currently 1 sell rating and 7 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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8 brokers have issued 1-year price targets for Manitowoc's shares. Their MTW share price forecasts range from $9.00 to $15.00. On average, they anticipate the company's share price to reach $11.50 in the next twelve months. This suggests a possible upside of 21.4% from the stock's current price.
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Manitowoc's stock was trading at $18.59 at the beginning of the year. Since then, MTW stock has decreased by 49.1% and is now trading at $9.47.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 20th 2023.
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The Manitowoc Company, Inc. (NYSE:MTW) announced its quarterly earnings data on Monday, November, 7th. The industrial products company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The industrial products company earned $454.70 million during the quarter, compared to analysts' expectations of $493.68 million. Manitowoc had a net margin of 0.89% and a trailing twelve-month return on equity of 3.25%. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 earnings per share.

Shares of Manitowoc reverse split on the morning of 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 market closes 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.

Manitowoc updated its FY 2023 earnings guidance on Monday, November, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.32 billion-$1.35 billion, compared to the consensus revenue estimate of $1.94 billion.

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.67%), Front Street Capital Management Inc. (7.06%), Dimensional Fund Advisors LP (6.50%), Vanguard Group Inc. (5.47%), State Street Corp (2.00%) and Jacobs Levy Equity Management Inc. (1.34%). Insiders that own company stock include Aaron H Ravenscroft, 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 $9.47.

Manitowoc (NYSE:MTW) has a market capitalization of $333.20 million and generates $1.72 billion in revenue each year. The industrial products company earns $11 million in net income (profit) each year or $0.48 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.