TheStreet upgraded shares of Manitowoc (NYSE:MTW) from a d+ rating to a c- rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.

A number of other brokerages also recently issued reports on MTW. ValuEngine upgraded Manitowoc from a sell rating to a hold rating in a research report on Monday, June 1st. Credit Suisse Group lowered their price target on shares of Manitowoc from $11.00 to $10.00 and set a neutral rating for the company in a report on Monday, May 11th. Goldman Sachs Group lowered shares of Manitowoc from a buy rating to a neutral rating and reduced their price objective for the company from $12.00 to $11.00 in a research note on Monday, April 20th. Citigroup upped their target price on Manitowoc from $10.00 to $12.00 and gave the company a neutral rating in a research report on Thursday, June 18th. Finally, Royal Bank of Canada reiterated a hold rating on shares of Manitowoc in a report on Sunday, May 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Manitowoc presently has a consensus rating of Hold and a consensus price target of $14.43.

MTW stock opened at $11.00 on Friday. The company has a market capitalization of $361.30 million, a P/E ratio of 5.98 and a beta of 1.98. The company has a fifty day moving average price of $10.05 and a 200-day moving average price of $11.98. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.70 and a current ratio of 1.91. Manitowoc has a 52-week low of $7.24 and a 52-week high of $18.55.

Manitowoc (NYSE:MTW) last posted its quarterly earnings data on Thursday, May 7th. The industrial products company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.08). The company had revenue of $329.20 million during the quarter, compared to analyst estimates of $353.73 million. Manitowoc had a net margin of 3.75% and a return on equity of 9.41%. The business’s revenue for the quarter was down 21.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 earnings per share. As a group, sell-side analysts forecast that Manitowoc will post -0.73 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Schneider Capital Management Corp increased its position in shares of Manitowoc by 1.4% during the first quarter. Schneider Capital Management Corp now owns 549,911 shares of the industrial products company’s stock worth $4,674,000 after acquiring an additional 7,624 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Manitowoc by 1,291.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 130,867 shares of the industrial products company’s stock valued at $1,112,000 after purchasing an additional 121,465 shares during the last quarter. Marshall Wace North America L.P. increased its holdings in Manitowoc by 142.0% during the 4th quarter. Marshall Wace North America L.P. now owns 30,249 shares of the industrial products company’s stock worth $529,000 after purchasing an additional 17,750 shares in the last quarter. Oxford Asset Management LLP purchased a new stake in shares of Manitowoc in the fourth quarter worth approximately $392,000. Finally, Two Sigma Investments LP lifted its holdings in shares of Manitowoc by 24.6% in the first quarter. Two Sigma Investments LP now owns 145,711 shares of the industrial products company’s stock valued at $1,239,000 after purchasing an additional 28,731 shares in the last quarter. Institutional investors own 75.55% of the company’s stock.

Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting equipment for the construction industry in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks under the National Crane brand.

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Analyst Recommendations for Manitowoc (NYSE:MTW)

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