Manitowoc Company, Inc. (The) (MTW) Getting Somewhat Favorable Press Coverage, Report Shows
Press coverage about Manitowoc Company, Inc. (The) (NYSE:MTW) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Manitowoc Company, Inc. (The) earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.0040855667735 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Manitowoc Company, Inc. (NYSE:MTW) traded up 5.19% on Thursday, hitting $9.52. The stock had a trading volume of 3,442,876 shares. Manitowoc Company, Inc. has a 12-month low of $3.65 and a 12-month high of $9.88. The firm’s market cap is $1.34 billion. The stock has a 50 day moving average of $8.21 and a 200 day moving average of $6.55.
Manitowoc Company, Inc. (The) (NYSE:MTW) last posted its earnings results on Monday, August 7th. The industrial products company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.09. The firm had revenue of $394.60 million for the quarter, compared to analyst estimates 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%. Manitowoc Company, Inc. (The)’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 earnings per share. Equities analysts predict that Manitowoc Company, Inc. will post ($0.14) earnings per share for the current fiscal year.
Several research firms have commented on MTW. ValuEngine upgraded Manitowoc Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. UBS AG restated a “neutral” rating and set a $8.00 price objective (up from $6.00) on shares of Manitowoc Company, Inc. (The) in a report on Thursday, August 10th. TheStreet upgraded Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a report on Monday, August 7th. Robert W. Baird upgraded Manitowoc Company, Inc. (The) from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $6.00 to $10.00 in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC restated a “buy” rating and set a $9.50 price objective (up from $8.00) on shares of Manitowoc Company, Inc. (The) in a report on Wednesday, August 9th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Manitowoc Company, Inc. (The) currently has an average rating of “Hold” and a consensus target price of $7.35.
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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.
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