Manitowoc Company, Inc. (The) (NYSE:MTW) has earned an average rating of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.89.

Several brokerages recently commented on MTW. Robert W. Baird raised shares of Manitowoc Company, Inc. (The) from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $6.00 to $10.00 in a research note on Wednesday. BidaskClub cut shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Deutsche Bank AG reaffirmed a “hold” rating and set a $6.25 price objective on shares of Manitowoc Company, Inc. (The) in a research note on Tuesday, July 4th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $6.50 price target on shares of Manitowoc Company, Inc. (The) in a research note on Thursday, June 22nd.

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Large investors have recently made changes to their positions in the company. Philadelphia Trust Co. raised its stake in shares of Manitowoc Company, Inc. (The) by 15.9% in the fourth quarter. Philadelphia Trust Co. now owns 17,090 shares of the industrial products company’s stock worth $102,000 after buying an additional 2,340 shares during the last quarter. Leavell Investment Management Inc. raised its stake in shares of Manitowoc Company, Inc. (The) by 37.3% in the first quarter. Leavell Investment Management Inc. now owns 21,386 shares of the industrial products company’s stock worth $122,000 after buying an additional 5,805 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Manitowoc Company, Inc. (The) by 704.5% in the first quarter. JPMorgan Chase & Co. now owns 22,903 shares of the industrial products company’s stock worth $130,000 after buying an additional 20,056 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Manitowoc Company, Inc. (The) by 8.7% in the first quarter. Ameriprise Financial Inc. now owns 26,318 shares of the industrial products company’s stock worth $150,000 after buying an additional 2,117 shares during the last quarter. Finally, Birmingham Capital Management Co. Inc. AL raised its stake in shares of Manitowoc Company, Inc. (The) by 21.0% in the first quarter. Birmingham Capital Management Co. Inc. AL now owns 26,875 shares of the industrial products company’s stock worth $153,000 after buying an additional 4,670 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Shares of Manitowoc Company, Inc. (NYSE:MTW) traded up 4.074% during mid-day trading on Friday, hitting $7.025. 1,861,546 shares of the stock were exchanged. Manitowoc Company, Inc. has a 52 week low of $3.65 and a 52 week high of $7.57. The stock’s market capitalization is $987.28 million. The stock’s 50-day moving average is $5.85 and its 200-day moving average is $5.99.

Manitowoc Company, Inc. (The) (NYSE:MTW) last issued its quarterly earnings data on Monday, May 8th. The industrial products company reported ($0.17) EPS for the quarter, meeting the consensus estimate of ($0.17). The company had revenue of $305.80 million during the quarter, compared to analysts’ expectations of $336.85 million. Manitowoc Company, Inc. (The) had a negative net margin of 14.37% and a negative return on equity of 14.18%. Manitowoc Company, Inc. (The)’s revenue for the quarter was down 28.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.04) earnings per share. Analysts forecast that Manitowoc Company, Inc. will post ($0.31) earnings per share for the current fiscal year.

Manitowoc Company, Inc. (The) Company Profile

The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.

Analyst Recommendations for Manitowoc Company, Inc. (The) (NYSE:MTW)

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