Manitowoc Company, Inc. (The) (NYSE:MTW)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank AG in a note issued to investors on Tuesday, July 4th, StockTargetPrices.com reports. They currently have a $6.25 target price on the industrial products company’s stock. Deutsche Bank AG’s target price indicates a potential downside of 10.33% from the stock’s current price.

MTW has been the subject of several other research reports. Zacks Investment Research lowered Manitowoc Company, Inc. (The) from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 21st. ValuEngine upgraded Manitowoc Company, Inc. (The) from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. OTR Global upgraded Manitowoc Company, Inc. (The) to a “positive” rating in a research note on Friday, March 17th. Jefferies Group LLC restated a “buy” rating and issued a $8.00 price target on shares of Manitowoc Company, Inc. (The) in a research note on Friday, June 16th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $5.50 price objective on shares of Manitowoc Company, Inc. (The) in a research note on Friday, March 24th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.89.

Shares of Manitowoc Company, Inc. (NYSE:MTW) traded up 3.659% during mid-day trading on Tuesday, hitting $7.225. The stock had a trading volume of 2,459,110 shares. The stock’s 50-day moving average is $5.85 and its 200 day moving average is $5.99. The company’s market cap is $1.02 billion. Manitowoc Company, Inc. has a 12 month low of $3.65 and a 12 month high of $7.57.

Manitowoc Company, Inc. (The) (NYSE:MTW) last announced its quarterly earnings results on Monday, May 8th. The industrial products company reported ($0.17) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.17). Manitowoc Company, Inc. (The) had a negative return on equity of 14.18% and a negative net margin of 14.37%. The firm had revenue of $305.80 million during the quarter, compared to analyst estimates of $336.85 million. During the same quarter in the previous year, the business earned ($0.04) EPS. Manitowoc Company, Inc. (The)’s revenue for the quarter was down 28.5% compared to the same quarter last year. On average, equities research analysts forecast that Manitowoc Company, Inc. will post ($0.31) earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Manitowoc Company, Inc. (The) by 5.8% in the first quarter. Vanguard Group Inc. now owns 10,149,967 shares of the industrial products company’s stock worth $57,854,000 after buying an additional 560,479 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Manitowoc Company, Inc. (The) by 33.0% in the first quarter. Dimensional Fund Advisors LP now owns 7,148,039 shares of the industrial products company’s stock worth $40,744,000 after buying an additional 1,771,886 shares during the last quarter. Harris Associates L P raised its stake in shares of Manitowoc Company, Inc. (The) by 1.4% in the first quarter. Harris Associates L P now owns 6,597,924 shares of the industrial products company’s stock worth $37,608,000 after buying an additional 88,500 shares during the last quarter. Southpoint Capital Advisors LP raised its stake in shares of Manitowoc Company, Inc. (The) by 33.3% in the first quarter. Southpoint Capital Advisors LP now owns 6,000,000 shares of the industrial products company’s stock worth $34,200,000 after buying an additional 1,500,000 shares during the last quarter. Finally, Investec Asset Management LTD raised its stake in shares of Manitowoc Company, Inc. (The) by 2.7% in the first quarter. Investec Asset Management LTD now owns 5,111,033 shares of the industrial products company’s stock worth $29,133,000 after buying an additional 132,031 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

About Manitowoc Company, Inc. (The)

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.

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

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