Manitowoc Company, Inc. (The) (NYSE:MTW) has earned an average recommendation of “Hold” from the fifteen analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $7.19.

A number of equities research analysts have weighed in on MTW shares. Jefferies Group LLC restated a “buy” rating and issued a $8.00 target price on shares of Manitowoc Company, Inc. (The) in a research report on Friday, June 16th. BidaskClub upgraded Manitowoc Company, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. TheStreet upgraded Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a research report on Monday, August 7th. Deutsche Bank AG upped their target price on Manitowoc Company, Inc. (The) from $6.22 to $6.30 and gave the stock a “hold” rating in a research report on Friday, May 12th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $6.50 target price on shares of Manitowoc Company, Inc. (The) in a research report on Thursday, June 22nd.

Manitowoc Company, Inc. (NYSE:MTW) traded up 1.18% during mid-day trading on Wednesday, hitting $7.72. The stock had a trading volume of 782,644 shares. The firm’s market cap is $1.09 billion. The stock has a 50-day moving average price of $6.72 and a 200 day moving average price of $6.14. Manitowoc Company, Inc. has a 12-month low of $3.65 and a 12-month high of $8.40.

Manitowoc Company, Inc. (The) (NYSE:MTW) last released its earnings results on Monday, August 7th. The industrial products company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.09. The firm had revenue of $394.60 million during the quarter, compared to the consensus estimate of $396.44 million. Manitowoc Company, Inc. (The) had a negative return on equity of 14.85% and a negative net margin of 14.63%. The firm’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 earnings per share. Equities analysts anticipate that Manitowoc Company, Inc. will post ($0.14) EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in MTW. Annex Advisory Services LLC increased its stake in shares of Manitowoc Company, Inc. (The) by 22.3% in the second quarter. Annex Advisory Services LLC now owns 17,328 shares of the industrial products company’s stock valued at $104,000 after buying an additional 3,158 shares during the period. BNP Paribas Arbitrage SA increased its position in Manitowoc Company, Inc. (The) by 646.0% in the second quarter. BNP Paribas Arbitrage SA now owns 18,552 shares of the industrial products company’s stock worth $111,000 after buying an additional 16,065 shares during the period. Leavell Investment Management Inc. increased its position in 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 period. JPMorgan Chase & Co. increased its position in 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 period. Finally, Advisor Group Inc. increased its position in Manitowoc Company, Inc. (The) by 2.4% in the second quarter. Advisor Group Inc. now owns 24,120 shares of the industrial products company’s stock worth $145,000 after buying an additional 572 shares during the period. 80.98% of the stock is currently owned by institutional investors.

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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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