News coverage about Manitowoc (NYSE:MTW) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Manitowoc earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.554754819276 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have impacted Accern’s rankings:

Manitowoc (NYSE MTW) traded down $0.47 during mid-day trading on Friday, reaching $39.71. 595,752 shares of the company were exchanged, compared to its average volume of 355,821. The company has a quick ratio of 0.67, a current ratio of 1.76 and a debt-to-equity ratio of 0.44. Manitowoc has a one year low of $21.00 and a one year high of $42.12.

Manitowoc (NYSE:MTW) last released its earnings results on Monday, November 6th. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.44. The company had revenue of $399.40 million during the quarter, compared to analysts’ expectations of $385.01 million. Manitowoc had a negative net margin of 4.01% and a negative return on equity of 6.17%. Manitowoc’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the business earned ($1.12) EPS. equities research analysts forecast that Manitowoc will post -0.19 EPS for the current fiscal year.

Several research analysts have issued reports on MTW shares. BidaskClub upgraded shares of Manitowoc from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. TheStreet upgraded shares of Manitowoc from a “d” rating to a “c-” rating in a report on Monday, August 7th. Credit Suisse Group increased their target price on shares of Manitowoc from $24.40 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Deutsche Bank increased their target price on shares of Manitowoc from $23.24 to $31.40 and gave the stock a “hold” rating in a report on Wednesday, August 9th. Finally, Jefferies Group reiterated a “buy” rating and set a $38.00 target price (up from $32.00) on shares of Manitowoc in a report on Wednesday, August 9th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Manitowoc has a consensus rating of “Buy” and a consensus target price of $37.34.

In other Manitowoc news, Director Charles David Myers purchased 3,854 shares of Manitowoc stock in a transaction on Wednesday, November 29th. The stock was bought at an average cost of $39.12 per share, with a total value of $150,768.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.82% of the company’s stock.

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About Manitowoc

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.

Insider Buying and Selling by Quarter for Manitowoc (NYSE:MTW)

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